Statistics Question

• Using the “North Valley Real Estate” Excel Dataset located in the “Files” Section of the course (Left-hand Side Menu Bar). The Final Research Project for the course, and all supporting assignments, will be executed using the “North Valley Real Estate” dataset.

As preparation for the final research paper, formulate a theory about the correlation between a measurable dependent variable (the effect) and measurable independent variables (the causes), at least 3 independent variables are required.

The topic area you need to consider is “What factors impact the successful selling of a home on the open market?” Success can be defined as price, time on market, size, age, or FICO; this is your decision as the analyst for this research.

Be sure to have at least three independent variables for the proposed research paper and one selected dependent variable within the “North Valley Real Estate” Excel Dataset. The topic proposal should include the following four items which serve as the foundation for the final research paper, your regression model, after instructor feedback is given.

Directions

Combine this information with your assignment from Unit 2. You should include the following topical areas as headers/sub-headers with explanation, description, and written presentation:

Purpose Statement

In one paragraph, state the correlation and identify the primary independent variables. State the correlation as in the following:

“The dependent variable _______ is determined by independent variables ________, _________, ________, and ________.”

Identify and defend the “primary” independent variable, or the variable believed to have the strongest impact on the dependent variable:

“The most important independent variable in this relationship is ________ because _________.”

Definition of Variables

For each variable, write a single definition paragraph talking about the variable. Paragraphs should be in this order: dependent variable, primary independent variable, and at least two more independent variables. In addition to defining the independent variables, defend why each determines the dependent variable.

For the primary independent variable, at least two research sources that discuss the variable also must be cited. These sources need not be technical documents but should contain evidence to justify the relationship between the primary independent variable and the dependent variable. List these sources in the Reference Page, as needed. Note: Citations from encyclopedias, Wikipedia, blogs, abstracts, or non-governmental websites are not acceptable research sources in this assignment.

Data Description

For each of the variables, at least 30 observations of cross-sectional data must be obtained. Thus, for the final research paper, a data matrix that is at least 30 rows by numbers of variables must be presented. This is the case for your mandated dataset, just be sure and acknowledge this in your paper.

Reference Page

The final page of the proposal should be a Reference Page listing at least ten research sources, forming the basis to conduct citing as appropriate. Also, be sure and include sources for any table of data.