Document Type

Article

Publication Date

10-2016

Journal Title

International Journal of Mathematics and Statistics Invention (IJMSI)

Volume

4

Issue

8

Abstract

In this paper, we attempt to predict the price of a real estate individual homes sold in North West Indiana based on the individual homes sold in 2014. The data/information is collected from realtor.com. The purpose of this paper is to predict the price of individual homes sold based on multiple regression model and also utilize SAS forecasting model and software. We also determine the factors influencing housing prices and to what extent they affect the price. Independent variables such square footage, number of bathrooms, and whether there is a finished basement,. and whether there is brick front or not and the type of home: Colonial, Contemporary or Tudor. How much does each type of home (Colonial, Contemporary, Tudor) add to the price of the real estate.

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