MBA5903: Business Analytics for Economic and Market Environments Assessment 2 has 2 parts {A and B). Both are to be completed as individual SYDNEY assessments and submitted to Turnitin as one file. BUSINESS PART A (75% of total mark) SCHOOL Hedonic House Price Model UNIVERSITY OF WOLLONGONG You have been contracted to develop a hedonic house price model for a leading real estate group. Use the dataset \"AMESHOUSINGB\" to estimate your preferred model with \"sale price in dollars\" as your response variable. Nearly all variables are potentially available as explanatory variables so it will need a careful process of model specification and testing. The goal is to identify variables that assist the prediction of house prices. Format: Business report for client Executive summary - one paragraph overview of full project including summary of results - 5 marks Introduction - set the scene and background of issue/problem (broad to specific issues) - 5 marks Literature review - critical summary of research literature relating to models addressing similar types of problems (models used to predict house prices). Start with a very short summary of each paper, then structure your paragraphs around themes you identify {eg. variables used, methods) and discuss similarities or differences you identify in your research. Do not simply describe each article one by one - aim for at least 4 journal articles) - 15 marks Methodology- discuss the process you will follow leg. checking for multicollinearity between x variables, variable and model options to be utilised, process of explanatory variable selection and what you are looking for in a preferred model - no results to appear in this section) 15 marks Body and analysis - correlation analysis, quick summary of the process and steps ultimately taken in your regression analysis then focus most of this section on presentation, discussion and interpret of the chosen model - 30 marks Conclusions - wrap up the exercise with recommendations for client 5 marks