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Exercise (2-4)

Run the code in the yellow box before working on this exercise:

Data Listing; Length Adv_ID DateList NumMth Price $15; Input Adv_ID $ DateList $ NumMth $ Price $; Datalines; K9933-00019 01MAR2015 3 $650,000 K9933-00020 15FEB2015 2 $380,000 K9933-00021 12APR2015 4 $890,000 K9933-00022 09MAY2015 3 $890,000 K9933-00023 22FEB2015 2 $450,000 K9933-00024 08APR2015 2 $360,000 K9933-00025 03MAR2015 5 $440,000 K9933-00026 28FEB2015 3 $860,000 K9933-00027 19JAN2015 4 $740,000 K9933-00028 01JAN2015 1 $980,000 ; Run;

The LISTING data set contains a set of real estate data:

• Adv_ID: Adv. ID
• BateList: The Date the advertisement is listed
• NumMth: The number of months the advertisement has been listed.
• Price: Sales price of the property

You are about to analyze the relationship between the Number of months listed and the properties' sales price.

However, a junior analyst has mistakenly made all of the variables a character variable.

Convert the DateList, NumMth, and Price variable into numeric using proper informats.

Also, ensure proper formats are assigned to the numeric variables as well.

Create any data sets or variables if needed.

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