Hedonic Pricing Model for the Highlands of Scotland Housing Data

Theory informs us that the price of a house is a function of its characteristics that may also include

neighbourhood attributes. This kind of analysis is called Hedonic Pricing (HP). Conduct a short literature

review on HP to inform your models. Run regression models where the house sale price is your dependent

variable. Choose as your independent variables the combination of factors that best explains the house

price variation, informed by your literature review.

sample Solution