Capstone Term Project Report
Capstone Term Project Report
Let’s suppose you know the owner of a local real estate company in a mid-sized Northeastern city of the United States. The name of your acquaintance’s company is, “North Valley Real Estate.” Your acquaintance also has a large clientele and a top-notch staff of salespeople. Luckily, the company also has some good data on the homes that have been sold by “North Valley Real Estate (NVRE)” throughout the community, over the years (This data is also attached). As you may have guessed, the owner of NVRE wants to use the data to find insights into the home-selling market, and how this same insight can be used to increase their profit and business activity.
As such, your knowledge of statistics and research applications can provide a valuable service to your friend and the NVRE company; and they have hired you as their consultant. Using the data identified above, embark upon an analysis effort and create an accompanying Report for the Owner of North Valley Real Estate.
Your purpose in the project is to glean information, knowledge, and insight from the provided data that can be used to increase the profitability of the Firm (NVRE). Your research should align to the CLOs provided for the course and lean heavily on Units 4-8 of the course for the statistical application/analysis. Specifically, the statistical tool of regression.
The paper is to be written in APA style, 7th edition. Deviation from APA style is strongly discouraged and will be penalized on the final draft.
Directions
- Use the “North Valley Real Estate” Excel Dataset, all supporting assignments to the project will be executed using the “North Valley Real Estate” dataset.
General Guidelines for a Successful Capstone Term Project Report include the following:
Provide a general introduction, background, and purpose of the paper, with your thesis resting on the idea of using statistical analysis to achieve better business decisions and increase profitability and business activities. Also, include a discussion of the real estate industry and the impacts that influence the health, viability, and success of the real estate marketplace; particularly in the Northeastern region of the U.S.
- State why the dependent variable has been chosen for analysis. Then make a general statement about the model you will be employing, for example:
“The dependent variable _______ is determined by variables ________, ________, ________, and __________.”
- Identify the primary independent variable and defend why it is important by stating:
“The most important independent variable in this analysis is ________ because _________.”
In your paragraphs, cite and discuss the research sources/references that support the thesis, i.e., the model you have chosen.
- Write the general form of the regression model (less intercept and coefficients), with the variables named appropriately so the reader can identify each variable at a glance:
Dep_Var = Ind_Var_1 + Ind_Var_2 + Ind_Var_3
For instance, a typical model would be written:
Price_of_Home = Square_Footage + Number_Bedrooms + Lot_Size.
Price_of_Home: brief definition of dependent variable
Square_Footage: brief definition of first/primary independent variable
Number_Bedrooms: brief definition of second independent variable
Lot_Size: brief definition of third independent variable
- Define and defend all variables, including the dependent variable, in a single paragraph for each variable. Also, state the expectations for each independent variable. These paragraphs should be in numerical order, i.e., dependent variable, X1, then X2, etc. In each paragraph, the following should be addressed:
How is the variable defined in the data source?
Which unit of measurement is used?
For the independent variables: why do the independent variables determine the dependent variable?
What sign is expected for the independent variable’s coefficient, positive or negative? Why?
- Data Description: Describe the data and identify the data sources. From which general sources and from which specific tables are the data taken? Which year or years were the data collected. Are there any data limitations?
- Presentation and Interpretation of Results. Write the regression (prediction) equation:
Dep_Var = Intercept + c1 * Ind_Var_1 + c2 * Ind_Var_2 + c3 * Ind_Var_3
- Identify and interpret the adjusted R2 (one paragraph). Define “adjusted R2,” what does the value of the adjusted R2 reveal about the model? If the adjusted R2 is low, how has the choice of independent variables created this result?
- Identify and interpret the F-test (one paragraph). Using the p-value approach, is the null hypothesis for the F-test rejected or not rejected? Why or why not? Interpret the implications of these findings for the model.
- Identify and interpret the t-tests for each of the coefficients (one separate paragraph for each variable, in numerical order): Are the signs of the coefficients as expected? If not, why not? For each of the coefficients, interpret the numerical value. Using the p-value approach, is the null hypothesis for the t-test rejected or not rejected for each coefficient? Why or why not? Interpret the implications of these findings for the variable. Identify the variable with the greatest significance.
- Analyze multicollinearity of the independent variables (one paragraph); Generate the correlation matrix. Define multicollinearity. Are any of the independent variables highly correlated with each other? If so, identify the variables and explain why they are correlated. State the implications of multicollinearity (if found) for the model you have created for this analysis.
- Other (not required): If any additional techniques for improving results are employed, discuss these at the end of the paper. As for grading, the inclusion of additional statistical methods will be rewarded appropriately.
- Reference Page: Use the proper format to list the works cited and place the entire page in APA format 7th edition. Include at least 10 references from across the spectrum of possible reference sources (books, magazines, journals, periodicals, newspapers, videos, etc.)
General Paper Format:
Using headers and sub-headers to organize your paper accordingly.
Cover Page
Introduction
Background
Hypothesis
Variables
Data Set and Variable(s) Description
Analysis
Conclusions
Recommendations
Reference page
ADDITIONAL INSTRUCTIONS FOR THE CLASS
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- Discussion Questions (DQ)
Initial responses to the DQ should address all components of the questions asked, including a minimum of one scholarly source, and be at least 250 words. Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source. One or two-sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words. I encourage you to incorporate the readings from the week (as applicable) into your responses.
- Weekly Participation
Your initial responses to the mandatory DQ do not count toward participation and are graded separately. In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies. Participation posts do not require a scholarly source/citation (unless you cite someone else’s work). Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
- APA Format and Writing Quality
Familiarize yourself with the APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in Loud-cloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required). Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation. I highly recommend using the APA Publication Manual, 6th edition.
- Use of Direct Quotes
I discourage over-utilization of direct quotes in DQs and assignments at the Master’s level and deduct points accordingly. As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content. It is best to paraphrase content and cite your source.
- LopesWrite Policy
For assignments that need to be submitted to Lopes Write, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me. Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes. Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own? Visit the Writing Center in the Student Success Center, under the Resources tab in Loud-cloud for tips on improving your paper and SI score.
- Late Policy
The university’s policy on late assignments is a 10% penalty PER DAY LATE. This also applies to late DQ replies. Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances. If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect. I do not accept assignments that are two or more weeks late unless we have worked out an extension. As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading. Capstone Term Project Report
- Communication
Communication is so very important. There are multiple ways to communicate with me: Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class. Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours. Capstone Term Project Report
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