Regression - Research Paper Example

I retrieved my data from STATS Indiana. Three or four decades ago, cars in the United States were bought out of only necessity. People used to purchase cars not for laxity, but due to various factors such as for convenience purposes. In the last two decades, however, the world in general has moved on from this kind of situation. People no longer buy cars out of necessity, but rather, people buy cars for luxurious reasons. The United States, and Marion County in the state of Indiana to be specific, is no different.

Motor vehicles of different models are purchased round the clock, for many reasons other than necessity (Riley 1). The automobile industry in Marion County is one of the most active among all industries within the county. In the recent years, the number of motor vehicles operating on the road has been going up steadily. There are various factors that contribute to this upward trend. The factors influencing the above trend may be well discussed if grouped into various categories. First and foremost, population is the most influencer of the rate at which cars are bought.

In this paper, the population is considered both for the local and immigrants. The other factor is age. Age, in Marion County, is a major determinant of car ownership. Employment is another factor which highly determines the general purchasing power of the population. This paper, therefore, examines each and every of these contributing or influencing factors, determining how each one contributes, negatively or positively, to the selling and purchasing trends in the motor vehicle industry. In every business industry, there are market forces that determine the rate at which the goods and/or services in that particular industry are sold or purchased.

These market forces are demand and supply. These are the only determinants of sales and purchases in any particular industry in any particular country. The market forces