Descriptive Statistics of Housing Market
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Solution Summary
The solution examines descriptive statistics for a local housing market. The central tendency is found.
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If I am interested in buying a house or renting a property for myself or my family, looking at the descriptive statistics parameters like mean, median, standard deviation and range can be absolutely useful to ascertain whether buying a house at this stage is beneficial or should I defer my decision for a later point of time. Variance or variability in housing market can also be particularly useful, as it will give an idea of the resale value and time ...
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