Analyzing Home Prices in Washington State

Presenter Information

Abby Tallman, Central Washington University

Document Type

Poster

Event Website

https://source2022.sched.com/

Start Date

16-5-2022

End Date

16-5-2022

Keywords

Numerical Methods, Interpolation, Housing Market

Abstract

Home prices are constantly fluctuating and in recent years the median price for a home in Washington state hit an all-time high. The goal of this project is to understand the housing market's trends using data from the Office of Financial Management for Washington state (OFM). The data is the yearly median home price (measured in US dollars) in Washington state from 2000 to 2020. Using this data we will create an approximation that lines up with the data and makes a reasonable prediction for the median housing price next year. To accomplish this goal we will construct several interpolating polynomials and compare their results. We will also examine how the housing market has changed from 2000 to 2020. To accomplish this goal we will conduct numerical differentiation methods and numerical integration methods.

Recommended Citation

Tallman, Abby, "Analyzing Home Prices in Washington State" (2022). Symposium Of University Research and Creative Expression (SOURCE). 101.
https://digitalcommons.cwu.edu/source/2022/COTS/101

Faculty Mentor(s)

Brandy Wiegers

Department/Program

Applied Mathematics

Additional Mentoring Department

Mathematics

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