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How Residuals Can Save You Thousands on Your Next Car Purchase

A little data manipulation could be worth the effort

Jim Colton
Thu, 08/08/2013 - 17:37
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Purchasing a used car can be stressful due to all the factors that must be considered. Websites such as www.cars.com provide a wealth of information, but how do you navigate through it all to find the best deal?

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Once you narrow your choice down to a particular car model, the data from cars.com can be copied and pasted into Minitab. After some data manipulation, you can use a regression analysis to develop an equation that calculates the expected list price of a vehicle based on variables such as year, mileage, whether the technology package is included, and whether a free Carfax report is included (which is possibly an indicator of how confident the seller is in the vehicle).

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Submitted by umberto mario tunesi on Tue, 08/20/2013 - 01:16

I don't want to break rude

What about data manipulation when "purchasing" a next house, a next job, a next ... wife?

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