Question
Using the figure created in Question 5 of the IDAS output showing conditional error across 10 equal splitting of sale price. Does this figure suggest
Using the figure created in Question 5 of the IDAS output showing conditional error across 10 equal splitting of sale price. Does this figure suggest the sale price is being predicted better for some ranges of sale price?
Options:
Yes, the absolute error tends to be smaller for sale prices that are small to medium and worse for larger sale prices.
Yes, the absolute error tends to be smaller for sale prices that are large and worse for those that are small to medium sale prices.
No, the absolute error statistics are similar across all ranges of sale price.
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