I am from computer science background and a bit new to statistics. Currently I am working for a online property portal and part of my work is to create indices for different statistical measures.
Based on the number of views for a property and number of enquiries we would like to create a demand index. So we have the view and enquiries count for every day. What would be the best way for computing demand index? How do we assign weights to views count and enquiries count?
Also I think the Case-shiller index method is not well suited in this scenario and we have data for large number of propertied on a daily basis.