Statistical Data Investigation; how several factors influence a car’s depreciation of value custom essay

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This report aims to identify how several factors influence a car’s depreciation of value. Five family cars of different makes were selected and their respective pricing will be evaluated alongside different variables. In keeping a controlled variable, only family SUV’s of five different maufacturers are compared.

Essentially, the conclusions gathered should answer the following,

-Which make of car (BMW, Toyota etc.) tends to retain its value over a period of time and/or kilometers travelled etc.

-How similar cars vary in price in different Australian States.

-The impact fuel efficiency factors (fuel type, no. of cylinders etc.) have on the overall value of a car.
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-Whether there is a significant difference in price in automatic cars compared to manual transimission vehicles.

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