Figure 5.
A stacked bar chart compares explained variance across physical, location, B T R status, amenities, and the full model.The vertical axis measures R squared explained variance from 0.00 to 0.60. The physical model has R squared 0.335. Adding location increases R squared by 0.079 to 0.414. Adding the B T R dummy increases R squared by 0.174 to 0.587. The full model adds amenities by 0.078 and reaches R squared 0.666.

Variance decomposition waterfall chart

Source: The authors

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