A real estate company is asking the likelihood that a house in a specific neighborhood will sell within 14 days on the market. Which statistical process would be helpful in making a more informed estimate?
- determine the relative probability though 14 days of other houses sold in the city with that neighborhood.
- determine the cumulative probability through 14 days of other houses sold in that neighborhood
- a regression with days until being sold as an independent variable
- determine the relative probability though 14 days of other house sold in the neighborhood
- determine the cumulative probability through 15 days of other houses sold in the neighborhood