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In your role as Member of the Data Science Team, you do the following: 1 ) You obtain a data set for the housing market
In your role as Member of the Data Science Team, you do the following:
You obtain a data set for the housing market in Boston's West Roxbury neighborhood.
Note: This dataset is called WEST ROXBURY DATA SETONLY.
You follow all the steps to build a First Cut Predictive Model. Note: These steps were
reviewed in avideo by Thomas.
Once the First Cut Predictive Model is done, you put on your Business Development Manager hat
and ask your data science team the following questions:
Did you uncover any anomalies in your dataset? If yes, what were the specific anomalies
be sure they are different from the ones Thomas pointed out. Why are they anomalies?
How did you specifically addressthem?
From your First Cut Predictive Model are there coefficient estimates whose signs do not
seem to make sense from a theoretical or business perspective? Explain why those signs
do not make sense.
What are both the direction underpredicting or overpredicting and magnitude
of the forecast errors from this First Cut Predictive Model?
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