Random Forest for answering this question? 1. How do income levels in different affect food prices and how much people can afford to buy? 2. What is the relationship between employment statistics and food prices in different areas? 3. How do consumer spending patterns influence food prices? What is the consumer spending patterns in different regions? 4. How does education affect food purchases and dietary choices? 5. How do population density and distribution affect food prices? I have these variable: real_price #price adjustment in other currency price #normal price Province_Name commodity usdprice # normal price in usd real_price_usd # price adjustment in usd cpi_value income_per_capita Did work in the past 7 days Hours worked in main occupation (past 7 days) Earnings from all activities (past month) (RIELS) Availability to work more hours Employment status in main occupation Purchased in cash (Riels) Own production, wages in kind, gifts (Riels) Can read simple message Can write simple message Ever attended school Years attended school Highest level completed Currently in the school system Currently taking private lessons after school Ever attended non-formal class Currently attending non-formal classes Attended school past school year Population Density The question is when using random forest should i input all of these variable or exclude like: real_price price Province_Name commodity usdprice real_price_usd cpi_value
Random Forest for answering this question? 1. How do income levels in different affect food prices and how much people can afford to buy? 2. What is the relationship between employment statistics and food prices in different areas? 3. How do consumer spending patterns influence food prices? What is the consumer spending patterns in different regions? 4. How does education affect food purchases and dietary choices? 5. How do population density and distribution affect food prices? I have these variable: real_price #price adjustment in other currency price #normal price Province_Name commodity usdprice # normal price in usd real_price_usd # price adjustment in usd cpi_value income_per_capita Did work in the past 7 days Hours worked in main occupation (past 7 days) Earnings from all activities (past month) (RIELS) Availability to work more hours Employment status in main occupation Purchased in cash (Riels) Own production, wages in kind, gifts (Riels) Can read simple message Can write simple message Ever attended school Years attended school Highest level completed Currently in the school system Currently taking private lessons after school Ever attended non-formal class Currently attending non-formal classes Attended school past school year Population Density The question is when using random forest should i input all of these variable or exclude like: real_price price Province_Name commodity usdprice real_price_usd cpi_value
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 3CQ
Related questions
Question
Random Forest for answering this question?
1. How do income levels in different affect food prices and how much people can afford to buy?
2. What is the relationship between employment statistics and food prices in different areas?
3. How do consumer spending patterns influence food prices? What is the consumer spending patterns in different regions?
4. How does education affect food purchases and dietary choices?
5. How do population density and distribution affect food prices?
I have these variable:
real_price #price adjustment in other currency
price #normal price
Province_Name
commodity
usdprice # normal price in usd
real_price_usd # price adjustment in usd
cpi_value
income_per_capita
Did work in the past 7 days
Hours worked in main occupation (past 7 days)
Earnings from all activities (past month) (RIELS)
Availability to work more hours
Employment status in main occupation
Purchased in cash (Riels)
Own production, wages in kind, gifts (Riels)
Can read simple message
Can write simple message
Ever attended school
Years attended school
Highest level completed
Currently in the school system
Currently taking private lessons after school
Ever attended non-formal class
Currently attending non-formal classes
Attended school past school year
Population Density
The question is when using random forest should i input all of these variable or exclude like:
real_price
price
Province_Name
commodity
usdprice
real_price_usd
cpi_value
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