Variable Names Defined TIME is assigned according to date of sale and is meant to capture any time trend in sale prices.
VIEW is a dummy variable to identify properties with a scenic view.
LDUM2 is a dummy variable intended to capture change in slope of the hedonic function beginning at 2,000 feet from the Lake Austin. LDUM4 is a dummy variable intended to capture change in slope of the hedonic function beginning at 4,000 feet from the Lake Travis. AISD is a dummy variable for Austin Independent School District. EISD is a dummy variable for Eanes Independent School District. LISD is a dummy variable for Leander Independent School District.