Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comparing the mean/median absolute error statistics between #4 and #6 of the IDAS output, what do these statistics suggest about the new model fitted in

Comparing the mean/median absolute error statistics between #4 and #6 of the IDAS output, what do these statistics suggest about the new model fitted in #6. Note: The first image refers to question #4, the second image refers to #6

Options:

The mean and median absolute error decreased substantially for the new model in #6, therefore this suggests this model can predict sale price more accurately.

The mean and median absolute error increased substantially for the new model in #6, therefore this suggests this model can predict sale price less accurately.

The mean and median absolute error were similar for the new model in #6, therefore this suggests this model predicts sale price to a similar degree..

image text in transcribedimage text in transcribed
ames test %>% df_stats(- absolute_error, min, max, mean, median, sd, IQR) response min max mean median sd IQR A data.frame: 1 x7 absolute_error 87.51993 368861.9 37013.27 25040.9 41256.83 37642.71gf_pointrangeh(saleprice2 - mean + min + max, data = cond_error) %>% gf_labs(y = "Sale Price", x = "Absolute Error") response min max mean median sd IOR A data.frame: 1 x7 absolute_error 52.16783 280215.4 29439.43 20347.83 30535.25 27425.26

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Abstract Algebra An Interactive Approach

Authors: William Paulsen

2nd Edition

1498719775, 9781498719773

More Books

Students also viewed these Mathematics questions