Describe the relationship between the resale price/value of a car and factors that affect it;

  • Describe the relationship between the resale price/value of a car and factors that affect it;
  • Develop a regression model to analyze the relationship between the resale price/value of a car and a set of covariates;
  • Collect relevant data and apply data analytics to describe empirically the relationship;
  • Use predetermined values of the covariates to predict the resale price of a car in the future;
  • Draw informed conclusions.