Assignment Task
The Brief
Organisations are leveraging value from their own operational data, their customer data and from
secondary data (such as web scraping). One such tool is reporting household asset values, such as for
housing or vehicles. In addition, some tools include a modelling component under the hood, such as
regression or other machine learning algorithms. Your team assignment will make use of secondary—
used vehicle sales – data from the UK, that has been cleaned for modelling and assessment.
Students may self-select to a team within each tutorial group (i.e. only within your tutorial group). Each
team will be allocated one of the following data sets:
Audi BMW Ford Mercedes Volkswagen Hyundai
The data sets have been customised so that each team will analyse at least two (2) vehicle models
for their chosen manufacturer (i.e. no two data sets will be the same). Your manufacturer will be the
one stated in your team’s group name on LMS. It is suggested that you choose higher volume models
with a long series –say more than six (6) years of data.
Each dataset takes the form of a list of observations (rows) where each corresponds to the sale of an
individual vehicle in the UK. The dataset consists of nine (9) variables (columns) which are described
as follows and form the first row of the dataset:
• model: the vehicle’s model, think of it as the name of the vehicle such as Tucson, Fiesta or
X3. There will be many vehicles of the same model but each of these vehicles are built on the
same ‘blueprint’ and contain the same (or very similar) features;
• year: this is the year of manufacture of the vehicle, not the year of sale;
• price: this is the price that the vehicle sold for (in UK pounds);
• transmission: this is the type of transmission the vehicle is equipped with, either “Automatic”,
“Semi-Auto”(matic) or “Manual”;
• mileage: the odometer reading, this is the number of miles the vehicle has travelled at the
time of sale;
• fuelType: this is the type of fuel that the vehicle uses to generate movement, either “Diesel”,
“Electric”, “Petrol”, “Hybrid” or “Other”;
• tax: the tax paid on sale of the vehicle, known as ‘stamp duty’ in Australia. Consider that there
may be discounts for certain types of vehicles;
• mpg: miles per gallon, this is the distance that can be travelled by the vehicle with one gallon
of fuel (or equivalent);
• engineSize: the displacement of the internal combustion engine in litres, or “0” if not presen
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