Research Real Estate Data Set

Abstract In this paper the team examine three donnish articles relating to our workplace. Further to a greater extent than, the team also analyzed additional info sets to include more variables like bedrooms and bathrooms in our investigation to test our hypothesis which shows that the results ar consistent with the hypothesis. The population size, capital and secondary selective information, using naive information and gifting ethics atomic number 18 also discussed in detail. Real demesne of the realm Data Set II As we begin the final stages of our support it is distinguished to understand the process of applied seek and how one or more variable encounter an impact on the dependable variable.It is important to understand why question is necessary and how we apply query to ticktock answers to issues. The team analyzed xxx date sets to interrogation homes with or without a puddle, with or without a garage, and on the proximity of the ho social function to the c ity, and how those factors affected the merchandising prices of homes. Furthermore, the team also analyzed more entropy sets to include more variables like bedrooms and bathrooms. Six bedrooms, three bath houses testament 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 plan of human prioritization and its role in home selection. Additionally, the team researched three scholarly articles that be pertinent to our study to help us understand why the research is important and necessary. The first article uses analysis to discuss the joining between the marketing price of a home and Time on the Market ( tomcat) (Sirmans, et al, 2010).It states that the longer the house is on the market the down(p)er the selling price of the house. The study uses data sets to examine single family homes and whether the TOM co-efficient is sensitised to location, income of families, wealth and time. The results proved that the TOM co-efficient is sensitive to the variables and there is a noteworthy relationship between TOM and the selling prices (Sirmans et al, 2010). It also states that selling prices and TOM is a very complicated because ellers / buyers exigency to maximize the price, while sellers privation to sell at the top price buyers want to purchase at the lowest price. The second article discusses the study of how technology of real acres is changing and how important technology is key to gather important data from private and public sources for the real estate industry. Mevery studies defend been promulgated about the impact of the information on the real estate industry, on market size and efficiency, and market innovation. These studies have proven that email and the use of internet ar used as a haughty marketing tool.Survey question s were developed to gather information about real estate agents and their office about using information technology as marketing their services. The results were positive and all that were surveyed viewed that information technology was key in some areas. mesh usage got a high score along with online research exclusively personal webpages indicated a lower score (Acharya et al, 2010). The third article examined that in real estate tuition there is a use up for risk assessment techniques to assess the impact of the project.The article is based on an exploratory survey which data was collected through interviews and a questionnaire. The study was conducted in the Thailand area using Thai real estate ontogenesis companies. The study revealed that there are no systematic techniques to deal with the concerns of economic and semipolitical risks (Khumpaisal et al, 2010). both three articles emphasis on real estate research and how information is collected and used in different s tudies. All three article discuss how data, the collection of the data and the usage of the data play an important part while conducting research.When conducting research it is often difficult, or impractical to test the entire population. Many issues skunk arise, such as time consumption, cost, and redundant information. Often it is possible for police detectives to draw and quarter conclusions based on population samples. This is when we test a small portion of the population and draw conclusions on the entire population based on the sample results. For our research the sample of thirty homes came from a larger sample of one cytosine six homes. These homes were a sample of homes in one state, across atomic number 23 townships.For our research we decided to limit the sample to around thirty homes of exchangeable qualities (outside of the variables we are testing). The reason we do this is to be sure there isnt an outside, unknown variable affecting the experiment. Therefore w e chose homes that are between deuce and three bedrooms, with two bathrooms. This gave us a sample of thirty-one homes. For this special research, it is possible to see the affects of different variables on home prices. Also, with more than thirty samples it is also possible to eliminate outliers that may skew averages.For example, if we only fountainhead-tried three homes and two of them were priced outrageously, we wouldnt be able to draw binding conclusions. However, by testing thirty-one homes, we can eliminate outliers. There are many possible sources of bias and error when testing a hypothesis with only sample of the population. In our case, we could hardly omit homes that disprove our hypothesis. ane reason for this is if we were working for a real estate company and they want to see which homes can make them the most money, and we know there are a lot of homes near the city center for sale.If we omit homes far away from the city that are selling for more, our bias has c aused us to shed false findings. Not all omissions are intentional. Sometimes errors are simply made in the research process. For example, with our research we could have included homes with any number of bedrooms. This would have resulted in data that may not have been practical for our research. For example, the complete data set included homes with up to octad bedrooms. If we were to compare that to a home with only two bedrooms the fact that all had a pool, or garage, or was close to the city would have been negligible.Again, we chose to only test similar homes in respect to number of bedrooms and bathrooms in format to prevent this error. It is necessary to collect primary data when a researcher cannot find the data needed in secondary sources. Some methods of primary research would include observation, postal surveys, telephone interviews, online surveys, face to face surveys, focus groups, and test marketing. Observation works well in retail markets. spy consumer behavio r provides many insights, although can sometimes leave unanswered questions.Postal surveys are great because they are relatively cheap with the ability to cover a wide geographical area. However, response rates are minimal and can take quite some time before any of the surveys are returned. Telephone interviews allow quicker feedback than a postal survey but any potential customers are usually hesitant on handsome anything but short answers. Increasingly popular and at relatively low cost, surveys online are widely used by growing businesses as a way of gathering the views of potential and existing customers.Face to face surveys are sometimes costly, but a great way to get individual lucubrate insight, while focus groups are a good way of acquiring detailed information about customer preferences and tastes. Test marketing involves pickaxe a small section of the market and selling a forward-looking product in order to assess customer reaction. This primary research can be a great predictor of how a in the altogether product or service will be received by the larger market. Primary research is the preferred research and conducted all of the time.National canvas and surveys collect the populations thoughts about proposals or particular political figures, journalists use it as their primary means of reporting events as well as news, and organizations collect data on their market trends and consumer base. When conducting research in professional or academic settings, the researcher needs to be certain of the ethics behind the research activity Ethical issues arise end-to-end any piece of all research. These issues often turn into political ones, and there are also close connections between issues around participation and honorable concerns.Ethical issues also have a tendency to turn into questions of trust. The researcher is the research instrument therefore the reader and/or user of qualitative research must be able to trust the researcher to have followed the meet procedures. There are quite a few key phrases which hunt the system of honourable protections that medical research and the contemporary social establishments have created such as, voluntary participation, informed consent, confidentiality, anonymity, and rights to service, to better protect the research instrumentalists rights.When conducting research it is important to understand all stages of the research and apply good practices such as using unbiased sources and clear and honest standards. Even when clear ethical standards and principles are in place, there will be times when the rights of potential participants runs up against the need to do complete research. No set of standards can possibly anticipate every ethical circumstance. Furthermore, there needs to be a procedure that assures that researchers will divvy up all relevant ethical issues in formulating research plans (Trochim, 2006).References Acharya N, R. et al (2010). ferment of Email marketing on Re al Estate Agent procedure ledger 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 interrogative 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=20ac27d8-422b. 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 experience base. Retrieved from http//www. socialresearchmethods. net/kb/ethics. php