Question: Discuss the dependent variable and independent variables. Explain why you think they are related. (CONSIDER DEPENDENT AS HOME PRICE AND INDEPENDENT AS GDP and INFLATION)
Discuss the dependent variable and independent variables. Explain why you think they are related. (CONSIDER DEPENDENT AS HOME PRICE AND INDEPENDENT AS GDP and INFLATION)
- Describe the relationship between variables by using scatter plot, computing correlation coefficient, constructing a multiple linear regression model.
- Report the regression results, significance testing results. Interpret the results.
- Conclusion.
| Date | GDP | house price | Inflation |
| 1/1/2012 | 3.3 | 310.04 | -0.466 |
| 4/1/2012 | 1.8 | 308.63 | -0.225 |
| 7/1/2012 | 0.7 | 312.75 | 0.065 |
| 10/1/2012 | 0.4 | 315.19 | 0.626 |
| 1/1/2013 | 3.5 | 316.77 | 0.989 |
| 4/1/2013 | 0.6 | 321.61 | 1.061 |
| 7/1/2013 | 3.2 | 326.24 | 1.471 |
| 10/1/2013 | 2.9 | 328.85 | 1.896 |
| 1/1/2014 | -1.4 | 331.58 | 2.386 |
| 4/1/2014 | 5.2 | 337.99 | 2.899 |
| 7/1/2014 | 4.7 | 342.9 | 3.19 |
| 10/1/2014 | 1.8 | 345.67 | 3.071 |
| 1/1/2015 | 3.3 | 349.48 | 2.643 |
| 4/1/2015 | 2.3 | 355.16 | 3.141 |
| 7/1/2015 | 1.3 | 360.2 | 3.39 |
| 10/1/2015 | 0.6 | 363.12 | 3.288 |
| 1/1/2016 | 2.4 | 366.46 | 3.343 |
| 4/1/2016 | 1.2 | 373.33 | 3.992 |
| 7/1/2016 | 2.4 | 379.98 | 4.382 |
| 10/1/2016 | 2 | 382.94 | 4.876 |
| 1/1/2017 | 1.7 | 385.74 | 5.497 |
| 4/1/2017 | 2 | 394.37 | 5.758 |
| 7/1/2017 | 3.4 | 400.46 | 6.142 |
| 10/1/2017 | 4.1 | 403.79 | 6.818 |
| 1/1/2018 | 2.8 | 409.47 | 7.588 |
| 4/1/2018 | 2.8 | 417.04 | 8.166 |
| 7/1/2018 | 2.9 | 422.12 | 8.552 |
| 10/1/2018 | 0.7 | 423.58 | 8.961 |
| 1/1/2019 | 2.2 | 428.3 | 9.188 |
| 4/1/2019 | 2.7 | 435.43 | 9.857 |
| 7/1/2019 | 3.6 | 440.98 | 10.144 |
| 10/1/2019 | 1.8 | 444.9 | 10.543 |
| 1/1/2020 | -4.6 | 450.06 | 10.946 |
| 4/1/2020 | -29.9 | 454.53 | 10.445 |
| 7/1/2020 | 35.3 | 462.47 | 11.366 |
| 10/1/2020 | 3.9 | 472.64 | 11.821 |
| 1/1/2021 | 6.3 | 483.97 | 13.059 |
| 4/1/2021 | 7 | 510.9 | 14.838 |
| 7/1/2021 | 2.7 | 539.37 | 16.413 |
| 10/1/2021 | 7 | 558.02 | 18.173 |
| 1/1/2022 | -1.6 | 578.63 | 20.323 |
| 4/1/2022 | -0.6 | 618.03 | 22.459 |
| 7/1/2022 | 3.2 | 628.55 | 23.76 |
| 10/1/2022 | 2.7 | 623.66 | 17.596 |
Answer Above questions for the given data.
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Step by Step Solution
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To analyze the relationship between variables dependent variable house price independent variables GDP and inflation we can follow these steps 1 Scatt... View full answer
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