Real Estate Data Set II As we begin the final stages of our project it is important to understand the process of applied research and how one or more variable have an impact on the dependable variable. It is important to understand why research is necessary and how we apply research to get answers to issues. The team analyzed thirty date sets to research homes with or without a pool, with or without a garage, and on the proximity of the house to the city, and how those factors affected the selling prices of homes. Furthermore, the team also analyzed more data sets to include more variables like bedrooms and bathrooms. Six bedrooms, three bath houses will sell for more than a one bedroom, one bath houses, regardless of whether it has a pool or garage. As we go forward with this assignment and analyze more data collection sets, it seems that the hypothesis that we proposed is the right one. Our hypothesis is based around the concept of human prioritization and its role in home selection. Additionally, the team researched three scholarly articles that are pertinent to our study to help us understand why the research is important and necessary. The first article uses analysis to discuss the connection between the selling price of a home and “Time on the Market” (TOM) (Sirmans, et al, 2010). It states that the longer the house is on the market the lower the selling price of the house. The study uses data sets to examine single family homes and whether the TOM co-efficient is susceptible to location, income of
References: Acharya N, R. et al (2010). Influence of Email marketing on Real Estate Agent Performance: Journal of Real Estate Literature, 2010, v. 18, issue. 2. Retrieved from https://ehis.ebscohost.com/eds/pdfviewer/pdfviewer?vid=4&hid=124&sid=20ac27d 8-422b-4f27-a523-f24b0ea694e2%40sessionmgr110. Khumpaisal,S et al (2010). An Examination of Thai practitioners’ perceptions of risk assessment techniques in real estate development projects: Journal of Retail & Leisure Property. Retrieved from https://ehis.ebscohost.com/eds/pdfviewer/pdfviewer?vid=5&hid=124&sid=20a c27d8- 422b. Sirmans,G.S.et al (2010). A Meta Analysis of Selling Price and Time –on –the Market: Journal of Housing Research, 2010, Vol. 19 Issue 2. Retrieved from https://ehis.ebscohost.com/eds/pdfviewer/pdfviewer?vid=4&hid=124&sid=20ac27d8-422b-4f27-a523-f24b0ea694e2%40sessionmgr110. Trochim, W. (2006). Research methods knowledge base. Retrieved from http://www.socialresearchmethods.net/kb/ethics.php