Housing Statistics Essay Example for Free

Housing Statistics EssayThe retroversion root is as well known as the outflank fit line for the given info. The data points may not form a straight line. The line that best fits or best describes the relationship of the given dependent and independent variables is the line that would have the nominal perpendicular distance from the given data points. This line is used to analyze the relationship of the different variables given. It scum bag also be used to predict or estimate other data points. In this paper, the regression line of the given data will be computed using a given tool from a certain website. The data will be analyzed to help in the decision making of the possessor of the construction business. With the information given above, at that place is no question that the number of housing starts increases as the post rate goes down. With the predictions of financial experts that mortgage rate will continue to dip in the next attack years, the housing constructio n business should be prepared in the executable increase in demands. universe the owner of a housing construction business, effective project projectning should be in place. The employees should be prepared with the possible increase in the demand of housing construction projects as the interest rates continue to go down. A plan should be in place covering how to approach the possible increase in demands. Risks and uncertainties should also be identified as early as possible and there should be a detailed work breakdown structure to get ready for the coming projects.The plan should also encompass all aspects of the construction business from the materials procurement, subcontractors to employees who will be working(a) on the projects. It should also include plans for the next coming years as the trend will probably continue as forecasted by financial experts. The data given should be used to forecast demands as accurate as possible.Using the data in the forecast, accurate measure s can be implemented in terms of working with subcontractors and where to source materials. Decisions to be made with regard to projects will depend a lot on the data being forecasted by experts.ReferenceRamat-Gan. (2003, June 30). Interest Rate Plunge Will Continue. Lecture Notes. Waner, S. Costenoble, S. (1999). Simple Regression. Retrieved solemn 2, 2006 from http//people. hofstra. edu/faculty/Stefan_Waner/newgraph/regressionframes. html