As part of a forensic accounting engagement, you are asked to determine what factors influence the pricing of homes in the local community. Review the data (provided in the textbook) collected for sales of homes in Fort Wayne Indiana, for the period from July 31s, 2011 to December 31st, 2011. The data were collected for determining what factors influence the selling price of homes. Based on your review respond to the following questions:
1. What specific types of data were collected? Are there other data item you might add?
2. You need to know which specific factors are most important to a home’s value. How you may determine this? Provide with a specific answer which factor is the most important (HINT: statistical analysis).
3 . What types of data sources you think were used to obtain the information used in this case?