# Used-Car Prices ```{r include=FALSE} # Leave this "chunk" alone require(mosaic) opts_chunk$set(fig.width=5,fig.height=4,out.width="50%",dev="svg",tidy=FALSE) options(width=50) ``` **Group Members**: Thomas Jefferson, Benjamin Franklin, John Adams, Robert Livingston, Roger Sherman ## Introduction Describe the car model you selected, the variables (including price, age, location, and mileage) you chose to look at, etc. ## Reading in the Spreadsheet You'll be reading in your spreadsheet from Google Docs. This example is based on the data provided as part of the `mosaic` package, but copied over to Google Docs just to show how to read in from a spreadsheet. Of course, you'll be setting up your own Google Doc and getting the public link to it to read in with `fetchGoogle` per [these instructions](http://rpubs.com/dtkaplan/GoogleSpreadsheets). Remember ... you need to change the name of the data source to that for your own Google spreadsheet. ```{r} dataSource = "https://docs.google.com/spreadsheet/pub?key=0Am13enSalO74dEEya201eF9qamZ0VDlPbWY4eW1jemc&single=true&gid=0&output=csv" cars = fetchGoogle(dataSource) ``` ## Description of Data Density plots, scatter plots, etc. Whatever you think is informative. ```{r} xyplot(Price~Age, data=cars, ylab="Price ($)", xlab="Age (yrs)") ``` Comment briefly to say what each of your plots shows, e.g. "Price goes down with age." ```{r} densityplot(~Mileage, data=cars) ``` ## Models Here you'll give a few models, giving the model coefficients and interpreting them using language that might make sense to a well-educated car buyer. ```{r} mod1 = lm( Price ~ Age, data=cars) coef(mod1) ``` Interpret your coefficients in everyday terms. Do several other models that you think might be of interest. Comment on anything that's surprising to you.