Wednesday, June 6, 2012

Chapter 2 Project.

According to the data provided from Zillow, the house I reside now has the worth of $499,000 when I moved in during October of 2011. To be able to find the model, I'll first have to enter it on the STATS table. My x is years: 2003-2012, while my y is the value of the house: $358K-$467K. My linear regression equation is: y=-2.193.939394x+4840533.333. R=.0809874044. My house would not reach the value of $100K until 2,161 years. I moved to my house for nearly only a year, and the yearly appreciation would be $32,000. If more people moved to my neighborhood, then the house prices/value would possibly decrease.  

No comments: