Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You work for the Ministry of Housing. We are facing a potential housing crisis as we believe we are in a Real Estate bubble. We

image text in transcribed
You work for the Ministry of Housing. We are facing a potential housing crisis as we believe we are in a Real Estate bubble. We need to identify a lew things for our leadership to help them make informed decisions: 1. What is the rate of increase for homes in Boston in the last year, 2 years and 5 years? 2. Identify the main variables that are impacting the price of a home. 3. Use macro-economic trends and housing market information to predict the average home prices in 3 months. 6 months. 1 year and 3 years. 4. Identify the distribution of homes in Boston and their affordability by classifying them into one of three buckets cheap. normal and expensive. This would mean we'd have to make a prediction about the house's classication even though it's not listed on the market. We'd have many data points to help make the prediction like the average sale price in the area, it of bedrooms, square footage. etc. 1. For each question we need to answer (above), identify the scope for the effort. Leverage the chart below as a reference and ll in the second chart with your answers. (4 marks] Stmple ad-hoc request Hours Low Self-check Complex ad-hoc request Hours to days Low Peer review Special project Weeks Low to medium: Team review Analytics data product Months High Formal validation Fill in this chart with the scope. Category leg. simple ad-hoc, complex ad-hoc, special project or anatytics data product]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Business Analytics

Authors: Troy Adair

1st Edition

1119132002, 9781119132004

More Books

Students also viewed these Mathematics questions

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago