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Regression and Inflation

The following are values of the consumer price index of Housing for US City average obtained from the U.S. Department of Labor,.
⦁A house was bought in November 2004 for $140,000. What should be the price in January
2015 after adjusting for inflation?

⦁ The owner plans to sell the house in September 2015. Using the data from the last six months (August 2014 – January 2015) create a linear regression model to estimate the price of the house in September 2015.
c) If the owner signed a 30yrs loan for the $140,000 @ 6% APR compounded monthly. How much does she pay per month to the bank?
Linear regression formulas. Value of money in time

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