2. You have been provided with a collection of data from leftmove.co.uk, a property listing
website based in the UK.
The owners of the website are keen to understand how a recent rapid downturn in the
economy, characterised by a large decrease in GDP and increase in unemployment might
have affected the relationship between house characteristics and house prices.
The owners of leftmove.co.uk are also interested in how different regions of the country
might have been asymmetrically affected by the crash, and wish to have statistical evi-
dence of whether this has occured.
Prepare a short briefing memo for the company director, who studied econometrics some
years ago and therefore requires reminding of the technical details, which outlines how
you might provide some relevant insight and explain any problems facing such an analysis.
You may assume you have access to a range of information, including; postcodes, offer
prices, square footage, number of bedrooms, information about sellers and buyers etc.