Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. H

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Aug 7, 2022


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Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. Housing for their workforce is a major consideration in which city they will locate. The business has narrowed its search to three cities: Allen, Plano, and Wylie. The organization has asked you to provide a data analysis of the housing market in these cities. Download the Collin Central Appraisal District data set, which includes a sample of homes in the three cities built since 2011. (attached)
Create a report that uses regression analysis to predict the value of a home for your clients. The report should include the confidence intervals, hypothesis, statistical tables, and full write-up interpreting the analysis. The following steps should be completed for your analysis.
Create a scatter plot that includes the living area on the x-axis and the market value on the y-axis for one of the cities of your choosing. Add a trend line and the equation to the chart.
Conduct a bi-variate regression analysis for the city using the living area as the independent variable and the market value as the dependent variable.
What is the correlation between the two variables for the city?
Interpret the intercept, the beta value, and the level of significance for city.
Imagine much of their workforce consists of large families with young children. The business would like an estimate of the home values for the city for a 3,500 square foot home. Provide an estimate of the price of this size home for the city identified in Question 1.
Deliverable – a typed, 12-point, double-spaced Word document containing the following:
Executive Summary summarizing key findings and preparing the reader for the supporting analysis. Includes explanation of data set and main results, conclusions or recommendations from the report.
A detailed report that summarizes the descriptive statistics for each variable and includes relevant tables and charts. Fully explain the data visuals to help reader understand the descriptive statistics.
NOTE: Excel worksheets are NOT to be included. Students should insert the pertinent Excel tables and charts into the typed document.


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