spb/wp2_uqo Public
UQO Working Paper No. 2 — Decoding Real Estate Descriptions: text-based hedonic analysis of housing listings.
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1% Author: Simon-Pierre Boucher — contact@spboucher.ai2%3\begin{table}[!htbp]4\centering5\caption{Summary of robustness analyses.}6\label{tab:robustness_summary}7\small8\begin{adjustbox}{max width=\textwidth}9\begin{tabular}{llp{7.5cm}}10\toprule11\textbf{Test} & \textbf{Main Result Stable?} & \textbf{Notes} \\12\midrule13HC3 robust standard errors & Yes & Baseline inference method \\14Breusch-Pagan test & Yes & Heteroskedasticity confirmed (LM $= 768.0$); HC3 justified \\15Variance inflation factors & Yes (block level) & Substantial collinearity (mean VIF 17.2; 16/20 $>$ 10); joint inference unaffected, individual coefficients less precise \\16Bootstrap inference (1{,}000 rep.) & Yes & SE within 9\% of HC3 (15/20 within 5\%); CIs match \\17Trimmed prices (1st/99th pctile) & Yes & No sign reversals; all 16 significant dimensions remain significant \\18Quantile regression ($\tau = .25, .50, .75$) & Yes & Luxury premium increasing in price; discounts attenuate at upper quantiles \\19Lasso / elastic net selection & Yes (block level) & Sparse selection of 4 block representatives; semantic signal survives penalization \\20PCA comparison & Yes & PCA fits better ($\Delta R^2$ +0.070 vs.\ +0.044) but is uninterpretable; reference approach preferred for inference \\21\bottomrule22\end{tabular}23\end{adjustbox}24\end{table}25