Business Analytics and Big Data (ACC73002)
Assignment 3 – Report (50%)
You are hired as a consultant to analyse the real estate market in non-capital cities and towns in the states A and B. Safe-As-House Real Estate, a large national real estate company, has collected samples of recent residential sales from a sample of non-capital cities and towns in these states. Use the data stored in to develop the best model to predict house and unit prices. Prepare a 1,500-word report.
Structure
· Introduction and background (5 marks)
· Data and empirical strategy (15 marks)
· Results and discussion (20 marks)
· Recommendations (10 marks)
Statistical component
· Provide descriptive analysis of the attributes of properties in State A and State B
· Develop a multiple regression model to predict house price.
· Develop a multiple regression model to predict unit price.
Please refer to slides and lecture on this assessment for further instructions.