The data set needed for the project is included in the shapefile lv.
Prepare maps showing median land values by census tract for 1926, 1939, 1961, and 1990.Also prepare maps showing the change in median land values by census tract for 1926 to 1939, 1926 to 1961, 1926 to 1990, and 1961 â€“ 1990.
- Prepare a table showing the results of regression estimates of log(land value) on distance from the traditional city center at the intersection of State and Madison Streets for 1926, 1939, 1961, and 1990. The results should include the estimated coefficients, standard errors, and R2. Prepare a similar table with distance from the lake and distance from the nearest EL station added as explanatory variables.
- Using the results of the first set of regressions in part 2, prepare a graph showing the predicted lines for log land values as a function of distance from the city center.
- Using the results of the second set of regressions in part 2, prepare maps showing the average predicted land values for each census tract for each year.
Discuss the results using the monocentric model as a basis for your analysis.