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Group 3 Members: Dan Sun Hongliang Wu Hui Lai Hui Wang Ling-Ching Hsu Seok-Rahn Lee

Analysis of House Price in California. Group 3 Members: Dan Sun Hongliang Wu Hui Lai Hui Wang Ling-Ching Hsu Seok-Rahn Lee Shin-Hao Lee Yuanbo Mao. Econ 240 A. Agenda Historical House Prices in California The Purpose of Our Project Statistical Analysis Conclusion.

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Group 3 Members: Dan Sun Hongliang Wu Hui Lai Hui Wang Ling-Ching Hsu Seok-Rahn Lee

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  1. Analysis of House Price in California Group 3 Members: Dan Sun Hongliang Wu Hui Lai Hui Wang Ling-Ching Hsu Seok-Rahn Lee Shin-Hao Lee Yuanbo Mao Econ 240 A

  2. Agenda • Historical House Prices in California • The Purpose of Our Project • Statistical Analysis • Conclusion

  3. Historical House Prices in California 1976 - 2008

  4. The Purpose of This Project • To Test the Possible Factors that May Influence the House Prices • Personal Income per Capita • Mortgage Rate • Unemployment Rate • Population Growth • To Investigate How Each of These Factors Affects the House Prices • To Build Models to Forecast Future House Prices in California

  5. Statistical Analysis • House Price vs. Income per Capita

  6. Statistical Analysis • House Price vs. Unemployment Rate

  7. Statistical Analysis • House Price vs. Mortgage Rate

  8. Statistical Analysis • House Price vs. Population Growth Rate

  9. Statistical Analysis • House Price vs. Income per Capita, Unemployment Rate and Mortgage Rate

  10. Statistical Analysis • Regression Diagnostics - Normality

  11. Statistical Analysis • Regression Diagnostics – Homoscedasticity

  12. Statistical Analysis • Regression Diagnostics - Independence

  13. Statistical Analysis • Regression Diagnostics - Outliers

  14. Statistical Analysis • House Price vs. Income per Capita, Unemployment Rate and Mortgage Rate w/ Dummy Variables

  15. Statistical Analysis • Regression Diagnostics - Normality

  16. Statistical Analysis • Regression Diagnostics - Homoscedasticity

  17. Statistical Analysis • Regression Diagnostics - Independence

  18. Conclusion • Income per Capita, Unemployment Rate and Mortgage Rate Are Significant, whereas Population Grow Rate is not • T here Is a Linear Correlated Relationship between House Price and Income per Capita, Unemployment rate and Mortgage Rate • Build Model to Forecast Future House Prices in California

  19. Questions?

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