Question
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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