1 coursework 2 ** Suppose that you work for TK Ltd which is an investment company and you are a member in of the “Statistics and Modelling” group. The director of the company is interested in...

1 coursework 2 ** Suppose that you work for TK Ltd which is an investment company and you are a member in of the “Statistics and Modelling” group. The director of the company is interested in investing some money into property development in the next couple of months. Therefore, you are required to make some predictions for the house prices in London which will enable your director to make a decision regarding such an investment. A file which contains average monthly house prices in the London region from March 1995 to February 2010, taken from the Land Registry, can be found here: house-prices.txt 1. Your task is first to prepare a short report for the Head of your group who is knowledgeable about modelling and forecasting time series, but not necessarily knowledgeable about R (i.e. it is unnecessary to include your code in the report). Note that the Head of the group does not have much time and therefore your report should be no longer than six pages including tables/graphs etc 2. In addition you should provide an executive summary (maximum one page) for the director of the company, i.e it should use only the simple kind of language that a typical executive might understand.