Question
Take 20 properties from Redfin. These must be chosen from only one city for your analysis. All the properties must be from Massachusetts. Use the
Take 20 properties from Redfin. These must be chosen from only one city for your analysis. All the properties must be from Massachusetts. Use the options for sale. Create a database where your dependent variable is the property price and the explanatory variables are, number of bedrooms, number of bathrooms, square footage, and lot size.
1. Graph a scatter plot between price and every explanatory variable. Explain in every case what type of relationship you observe and what would a possible explanation be for this. Remember that for the graph price must be the y variable and every explanatory, the x variable.
2.In every scatter plot, graph the equation line that gives a parameters to the attribute. What attribute is the most important to explain the price? Why?
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