FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Notice that the zestimate - Zillow's best estimate of the house price - jumps in July 2018. Can you figure out why Zillow's formula to

Notice that the "zestimate" - Zillow's best estimate of the house price - jumps in July 2018. Can you figure out why Zillow's formula to estimate prices would predict such a large increase? Do you think the variable that accounts for this increase should be in their formula to estimate the price?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Zillows zestimate is an algorithmic estimate of a houses value based on various factors such as prop... 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

Principles of economics

Principles of economics

Authors: N. Gregory Mankiw

6th Edition

978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042

More Books

Students also viewed these Economics questions

Question

The Urban Real Estate Agency is undergoing expansion. The real estate boom has led to a sharp increase in real estate transactions. The agency has more than tripled its volume of transactions and, as...

Answered: 1 week ago

Question

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Answered: 1 week ago

Question

★★★★★
respond to the instruction using the following criteria: Individual Written Case Exercise Respond to the specific questions provide in the case document it will be seven documents. Please make sure...

Answered: 1 week ago

Question

★★★★★
The Qantas Group includes a sustainability report in its annual report. What key performance indicators are included in this report? Explain the different stakeholders that would be interested in...

Answered: 1 week ago

Question

★★★★★
"Manitowoc Crane (U.S.) exports heavy crane equipment to several Chinese dock facilities. Sales are currently 10,000 units per year at the yuan equivalent of $24,000 each. The Chinese yuan (renminbi)...

Answered: 1 week ago

Question

★★★★★
A second-order reaction is to be carried out in a real reactor that gives the following outlet concentration for a step input: For 0 t Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
1.1 Experimental Units Identify the experimental units on which the following variables are measured: a. Gender of a student b. Number of errors on a midterm exam c. Age of a cancer patient d. Number...

Answered: 1 week ago

Question

★★★★★
On August 1, 2015, Trico Technologies, an aeronautic electronics company, borrows $21 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit...

Answered: 1 week ago

Question

★★★★★
D . What should be the optimal number of clusters for clustering algorithm based on the given plot? Justify your answer Silhouette coefficient

Answered: 1 week ago

Question

★★★★★
Applying the hi low method determine fixed costs and variable costs per unit Determine the linear equation in the form of y=mx + b Month Miles Total Cost January 80,000 $144,000 February 50,000...

Answered: 1 week ago

Question

★★★★★
A hotel find out that a famous hollywood celebrity will be staying for a vew days. security for the celebrity informs the hotel that there is a mentally unstable man who is stalkinh her and they are...

Answered: 1 week ago

Question

★★★★★
Determine the most likely bases for differentiated product or service offerings of Brookdale University Hospital Medical Center

Answered: 1 week ago

Question

★★★★★
Clearly EXPLAIN which area you have decided to focus on for your program/project development (i.e. recreation, housing, education, food security, elder abuse) and your rationale (the reason why) for...

Answered: 1 week ago

Question

★★★★★
Question 1: Evaluate the Role of Corporate Social Responsibility (CSR) in Modern Business Practices Question 2: Analyze the Impact of Globalization on Small and Medium-Sized Enterprises (SMEs)

Answered: 1 week ago

Question

★★★★★
Question 1: Discuss the Importance of Capital Structure in Financial Management. Analyze the Factors that Influence a Firm's Capital Structure Decision. Question 2: Evaluate the Efficient Market...

Answered: 1 week ago

Question

★★★★★
( New question Post Accounting Use Our Honor Code to learn and check your work Q = Home Search More 4. During 2010 Majan Company started a construction job with a contract price of $1,600,000. The...

Answered: 1 week ago

Question

★★★★★
Briefly describe the following types of group life insurance plans: a. Group term life insurance b. Group accidental death and dismemberment insurance (AD&D) c. Group universal life insurance d....

Answered: 1 week ago

Question

★★★★★
List and describe four determinants of a countrys productivity.

Answered: 1 week ago

Question

★★★★★
Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbuss output in a given day: a. Fill in the column of marginal products. What...

Answered: 1 week ago

Question

★★★★★
Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston: a. As the price of tickets rises from $200 to $250, what is the price elasticity...

Answered: 1 week ago

Question

★★★★★
During the production of a textbook, there are many steps between when the author begins preparing the manuscript and when the book is finally printed and bound. Tremendous effort is made to minimize...

Answered: 1 week ago

Question

★★★★★
As an example of how the sampling distribution for the MannWhitney Test is derived, consider two samples with sample sizes n1 2 and n2 3. The distribution is obtained under the assumption that the...

Answered: 1 week ago

Question

★★★★★
Suppose as part of your job you are responsible for installing emergency lighting in a series of state office buildings. Bids have been received from four manufacturers of battery-operated emergency...

Answered: 1 week ago

Previous Question Next Question