Statistically enhanced model?
Jon for a summer analyst position is asking me to end in a statistically enhanced real estate model with the jobs application. Does anyone know what this means?
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Um, can you maybe check what you wrote and rephrase? Like they are asking you if you can do a 'statistically enhanced model' during the summer job or they want you to give them one like as part of the interview?
What kind of company, role, asset type, etc. Need more detail to unpack this one cause I'm kinda lost.
sorry I typed my question out too quickly.
It is for an asset Managment company in hospitality
the application requires me to send a “statistically enhanced real estate model”
I am not sure what this means
the role is to be part of the acquisition team
I have no idea but I would guess maybe run a multivariate regression so you can guess occupancy/ADR assumptions based off of trends like GDP, dollar exchange rates, disposable incomes, proxies for local business activity, etc.
Are they expecting you to actually forecast ADRs, RevPARs, and occupancy and the like?
I would try and figure out what is actually relevant, if really mean 'stats' like in stats class, or just a analytical model with various return metrics, etc.
The term just seems really vague... 'statistically enhanced' could mean a lot of things.
Link the job posting?
a LM regression is a terrible idea, better look at time series model to isolate trend and seasonality for a property based on historical operating performance to predict future revenues. If you want to get more complicated you can look at linear optimization modelling but that requires some advanced mathematical modelling and predicting demand curves/slope of the demand curve whatnot and is generally done in Python, though can also be done in Excel using the Solver (Optimization Modelling).
Would be extremely curious as to which company is asking for this. Sort of weird thing to ask for.
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