The file NewHomeSales contains the number of new homes sold (in thousands) and the median sales price

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The file NewHomeSales contains the number of new homes sold (in thousands) and the median sales price of new single-family houses sold in the United States recorded at the end of each month from January 2000 through December 2016.

Source: Data extracted from bit.ly/2eEcIBR, accessed March 19, 2017.

a. Construct a times series plot of new home sales prices.

b. What pattern, if any, is present in the data?

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Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: Jun 17, 2019 07:22 AM

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The file NewHomeSales contains the number of new homes sold (in thousands) and the median sales price

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a b There is an upward trend in home sales price unti...View the full answer

Basic Business Statistics Concepts And Applications

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