Lesson 11: Index Numbers

1
October 25, 2015 at 10:12 pm  •  Posted in f15-busad360 by  •  1 Comment

Mon, Oct 26

Review:

Presentation:

  • Exam 2 Solutions
    • Regression Model
    • Executive Summary
    • Forecasts
    • Error Measurements
    • Multicollinearity
    • Additional Data Elements
    • Accuracy
  • Index Numbers
    • How to calculate, create
    • Use in Regression (N-dex)
    • Use in Time Series (HPI)

Activity:

  • Problems 15.21 and 15.22 on p. 642-643

Assignment:

  • Generate an index variable
    • Replace Bedrooms and Bathrooms with 1 index variable
    • Replace Neighborhoods (all Binary variables) with 1 index variable
    • Use HPI to adjust real estate sales forecasts for inflation (or deflation)
  • Rerun and post regression output
  • Identify and Correct Exam 2 Mistakes [Optional]

Leave a Reply