Big Data: Home values and Chinese restuarants

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

houses

Then from a restaurant site we extracted a list of Chinese restaurant details in the form:

Restua

In SAS Enterprise Miner we combined these two sets to determine for each house

  1. the nearest Chinese restaurant
  2. the distance from a house to its nearest Chinese restaurant

MinerChinese

Then we plotted the relation between house value and the distance to its nearest Chinese restaurant.

HomeRest

Conclusion

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 !

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s