1. Predicting Property Values
Real Estate AnalystBackground
An analyst has a dataset containing house size, property age, and final sale price for a specific neighborhood.
Problem
Determine the impact of size and age on price and predict the price of a new 2,500 sq ft listing that is 10 years old.
How to use
Input the CSV data with size and age as the first two columns and price as the third. Set the prediction values to '2500, 10'.
decimalPlaces: 2, hasHeaderRow: trueOutcome
The tool provides coefficients for size and age, the model intercept, and a predicted price for the specific property.