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Descriptive Statistics: Variable Mean Median Std. Dev. Min Max Selling Price 626.28 617.5 185.01 282 1049 Bedrooms 3.38 3 0.74 2 5 Bathrooms 3.05 3

Descriptive Statistics:

Variable Mean Median Std. Dev. Min Max
Selling Price 626.28 617.5 185.01 282 1049
Bedrooms 3.38 3 0.74 2 5
Bathrooms 3.05 3 0.57 2 4
Days on Market 116.42 104 87.43 2 378
Age 137.81 123 100.09 2 373
Square Feet 2255.42 2239 597.99 1210 3500
Asking Price 607.73 598 183.43 262 1029

As part of a strategic plan, the management of a realtor company requested the analytics team to create a clean dataset that can be used for developing new analytics. The focus of the company is on the houses in Hollywood Beach neighborhood. The historical data of 100 houses that were in the market during the past six months is provided for this analysis. Data includes the following attributes:

Description
Selling Price ($000) selling price of the house
Bedrooms number of bedrooms
Bathrooms number of bathrooms
Days on Market number of days that the house where available for sale in the market
Age age of the house
Square Feet area of the house
Location location of the house
Asking Price ($000) asking price of the house
Foreclosed indicates whether the house was a foreclosure or not

used tool of interest (Rapidminer or R or both) to complete this assignment

Part 2

Your job is to design and develop a predictive model that predicts the selling price of the housesbased on a series of attributes. Your goal is to improve the performance of your predictive model.Identify the target variable and select the attributes that help you to predict the target variable. Build and apply a predictive model. Discuss the performance evaluation of the model. Interpret the results and explain your conclusion in details.

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