Hmm, did you ever wonder what factors might influence the value of your house? With big data analysis we can now do some interesting investigations…..
From a Dutch housing site we extracted houses for sale, so that we got a sample of the following form
Then from a restaurant site we extracted a list of Chinese restaurant details in the form:
In SAS Enterprise Miner we combined these two sets to determine for each house
- the nearest Chinese restaurant
- the distance from a house to its nearest Chinese restaurant
Then we plotted the relation between house value and the distance to its nearest Chinese restaurant.
There appears to be a weak correlation. For every kilometer your home is further away from a Chinese restaurant, your home value increases with 912 Euro and 12 cents !