This document describes the requirements with respect to market analysis

This document describes the requirements with respect to market analysis and application of hedonic pricing and spatial analysis method.
Assignment
• Download Hotel Database
• Apply the same process as in T3 to create a hotel valuation model
• Your model can include as many variables as you want
• Deliverable – Excel File that includes:
• Analysis of the market
• Explanation about your choices of variables
• The results of any regression you run (3 to 5 regressions)
• Explanation of your choice of the regression model
• The model that should be easy to test on sample properties
Explanation
I tried to do everything step by step for her. Therefore, the first task was to analyse existing data to see patterns – this i named market analysis
To spot the anomalies and errors I used pivots, correlations and everything that helped me to spot extreme values and delete it – I did it three times, just because
After this I used new cleared database to compare it with the first one in order to decide whteter I should delete somthng else or not
At the end I used final third cleared database to make sesсrіptive statistics, histograms and correlations and started regressions out of which I chose the ′′the best′′ one

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