If you want to predict a house price based on number of bedrooms and bathrooms in a house, what predictive technique could be used?
If you want to predict a house price based on number of bedrooms and bathrooms in a house, what predictive technique could be used?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
If you want to predict a house price based on number of bedrooms and bathrooms in a house, what predictive technique could be used?
Expert Solution
Step 1
In this problem our response variable is price which is a continuous in nature.
The predictor variables are number of bedrooms and number of bathrooms. Both of them are discrete.
So the number of predictor variables are more than 1.
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