Statistical modelling..BUSINESS REPORT Essay Example | Topics and Well Written Essays - 3000 words

Statistical modelling..BUSINESS REPORT - Essay Example The home characteristics can further be classified into ‘the number of rooms in a house’, ‘the number of full and half bath rooms’, ‘availability of garage’, ‘cellar’, ‘balcony’ etc. Similarly, the characteristics related to the vicinity or the neighborhood of a house can be termed as the neighborhood characteristics. These characteristics can further be classified into ‘roadside’, ‘traffic intensity’, ‘bothersome location’, ‘crime prone vicinity’ etc. The scope of this paper is to consider given factors for the assessment of house value by testing the level of their significance. The expected outcome is termed as a prediction model. INTRODUCTION The assessment of the price of a house is generally assessed through the few apparent factors like the construction value, design and location of the house. The rough estimation usually does not encompass the related factors t hat are important to decide the value of a house and have a significant impact on the assessment process. The study of the factors other than the common factors is important to identify their role in the determination of the price or value of a home. Generally a realtor’s claim would always be that the location is the most important factor when it comes to determining the value of a house or home. ... The null hypothesis here would be the realtor’s claim i.e. the location is the most important factor in assessing the house value whereas the alternate hypothesis refutes by stating that this is not the only factor but there are other significantly effective factors that are needed to be taken into account. LITERATURE REVIEW There are a number of processes that can be used to predict house values. These include various probabilistic methods. Multivariate Spatial Method, Time Series analysis, Footy Forecast Forecasting methods( a method that is similar to simple sequence method), ordinary least square regression and logistic regression, ‘hedonic model and artificial neural network model’, ‘non-parametric latent manifold model’. The procedure that we would incorporate in order to evaluate the house values from our system is multiple regression analysis. Multiple Regression Analysis incorporates the effects that a number of independent variables have on a dependent variable. In the current study it is attempted to evaluate that what do independent variables such as the number of bedrooms and bathrooms present in a house, the vicinity of the house and other factors etc. have of the value of a house. Home characteristics The properties related to the home structure, architecture, design and construction quality and the provisions it extends are considered to come under home characteristics. The main characteristics included in this study are the size in square feet, number of bedrooms and bath rooms, presence of pool and fireplace, age of house and design of construction. Neighborhood characteristics The outside environment of a home generally referred to as location comprises of the neighborhood characteristics. The study includes

Compare and contrast the work and lives of Walter Gropius and Oscar Essay

Compare and contrast the work and lives of Walter Gropius and Oscar Niemeyer - Essay Example The art of architecture is not in its defiance of function, but in its ability to create a form through which functioning within the structure takes on meaning. Walter Gropius created a school in which the exploration of craft, art, and the functionality of a building through the form of its design was explored. His theories on teaching were based upon ideas of innovation and his students were encouraged to create their world by working with materials so that they could find how they could be used in expressive and innovative ways. Gropius must be understood to understand how the rest of Modernity through architecture has been achieved. Oscar Niemeyer is still a working architect, even at the age of 106. At the age of 101 he wrote his memoirs, explaining the trajectory of his life and how his politics prevented his work in the West and despite them he was still able to contribute to architecture because of his beautiful and extraordinary curvaceous forms. Although he was a Communist and he was dealing with the world as it was conditioned during the 1940s and 1950s to deny those who believed in Communist politics to work, he was still able to be a contributing architect to the UN building and to build beautiful works of art within which public functions could be accomplished. Gropius and Niemeyer were contemporaries, although Niemeyer was younger. Their histories intersect in the United States where the German born Gropius had migrated to Boston and Niemeyer was asked to become the dean of the Harvard Graduate School of Design, the second post that he would have to decline because of his associations with the Communist Party and the political climate in the 1950s. Walter Gropius Walter Gropius was born in 1883 and died in 1969, leaving behind a legacy of innovation and a history of teaching those ideas that he came to discover. Along with Oscar Niemeyer, who is the second subject of this paper, was a pioneer of modern architecture and ideas on form. Lupfer, Sige l, and Gropius write that without knowledge about Gropius, Modern architecture cannot be understood. His ability to communicate was his most powerful resource as he could not draw well.1 Therefore it was necessary for his associates to create what he could describe, his work the result of collaborations with those who could put into a drawing what he could not. His ability to communicate resulted in founding the Staatliches Bauhaus, or more commonly just referred to as the Bauhaus, was a school that was focused on the arts and craft.2 Craft is often seen as something less in modern interpretations, but the true idea of craft is the ability to build something that is high quality and with fine design. It might be said that art interprets life while craft enables it. Something is crafted when raw materials are developed into something that can be used in the everyday. Gropius said that â€Å"Let us then create a new guild of craftsmen without the class distinctions that raise an arro gant barrier between craftsman and artist!†3 Of course, not all art is interpretation and not all craft is used in the everyday, but it is a good way to consider the two. The Bauhaus was likely the direct result of the