Section 23 Model Overview

Having explored, enriched and removed outliers from the data set, we can begin to apply statistical models to the data.

The following sections present applications of the Multivariate models introduced in the Statistical Modelling Theory Section:

• In the Profile Analysis section, I use the MANOVA technique to check that the relationships in the Property Data set are consistent with common sense.
• In the Factor Analysis section, I apply the Orthogonal Factor Model to look for a simpler description of the property data set with.
• In the Correlation Analysis section, I use Canonical Correlation Analysis to determine whether the enrichment process was worthwhile. Is there significant overlap between the information in the enriched and original data sets?
• In the Multivariate Regression section, I investigate how accurately property prices can be modelled with a Classical Linear Regression model.