- Carolyn Carr Real Exam

Mat-240 2-3 Assignment- Real Estate Analysis Part I

• Carolyn Carr Real Exam

Carolyn Carr

Instructor Solomon Betanga MAT-240 Applied Statistics 15 May 2024

2-3 Assignment: Real Estate Analysis Part I

Scenario

• Smart businesses in all industries use data to provide an

intuitive analysis of how they can get a competitive advantage.

• The real estate industry heavily uses linear regression to

estimate home prices, as cost of housing is currently the largest expense for most families.

• Additionally, in order to help new homeowners and home

sellers with important decisions, real estate professionals need to go beyond showing property inventory.

• They need to be well versed in the relationship between price,

square footage, build year, location, and so many other factors that can help predict the business environment and provide the best advice to their clients.Prompt

• You have been recently hired as a junior analyst by D.M. Pan

Real Estate Company.

• The sales team has tasked you with preparing a report that

examines the relationship between the selling price of properties and their size in square feet.

• You have been provided with a spreadsheet that includes

properties sold nationwide in recent years.

• The team has asked you to select a region, complete an initial 1 / 2

analysis, and provide the report to the team.

- Note: In the report you prepare for the sales team, the

response variable (y) should be the listing price and the predictor variable (x) should be the square feet.

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