Lets suppose you know the owner of a local real estate company in a mid-sized Northeastern city in the United States. The name of your acquaintances company is, North Valley Real Estate. Your acquaintance also has a large clientele and a top-notch staff of salespeople. Luckily, the company also has some good data on the homes that have been sold by North Valley Real Estate (NVRE) throughout the community, over the years. As you may have guessed, the owner of NVRE wants to use the data to find insights into the home-selling market, and how this same insight can be used to increase their profit and business activity.
Provide a general introduction, background, and purpose of the paper, with your thesis resting on the idea of using statistical analysis to achieve better business decisions and increase profitability and business activities. Also, include a discussion of the real estate industry and the impacts that influence the health, viability, and success of the real estate marketplace; particularly in the Northeastern region of the U.S.
Purpose Statement and Model
State why the dependent variable has been chosen for analysis
Identify the primary independent variable and defend why it is
important
Write the general form of the model
The background is the idea of using statistical analysis to achieve better businesses decision and increase profitability.
