Wednesday, June 6, 2007

Question about Survey of Household Spending (SHS) Variables

Question

Is it safe to assume that a code of 0 in either variable PURPRICP or SELPRICE means that no house was purchased or sold in the year? If so, we can code 0 to designate a missing value (not applicable), and allow users to make meaningful estimates of house prices. As it stands right now, the average purchase price of a home is under $9,000, and the average selling price under $5,000.

Answer

Yes, it is safe to say no house was purchased or sold in the year.

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