Scenario. You, as a property investor, are interested in understanding which factor (or factors) drives the prices of investment properties. A dataset is collected which contains the prices (in...

Scenario. You, as a property investor, are interested in understanding which factor (or factors) drives the prices of investment properties. A dataset is collected which contains the prices (in thousand dollars, as denoted by apart price) for 50 one- bedroom apartments in city X, their corresponding rents per week (in dollars, as denoted by rent) and the costs to hold each of these properties per week (in dollars, as denoted by cost of property). Following the procedures below to analyse the dataset ’assign2 data.csv’ by using Rstudio. Please only include relevant outputs from Rstudio in your solution and attach the R codes as appendice.c). (4 marks) Comment on the significance of all coefficients obtained from (b) based on the p-values (from the outputs of Rtudio). The significance level is 0.05.


Oct 19, 2021
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