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Problem Statement

The document discusses the complexities involved in determining house prices, emphasizing that factors beyond location and square footage contribute to a property's value. It outlines the objective of analyzing various feature variables, such as the number of rooms, condition, quality, and square footage, to predict house prices. The document lists specific variables that will be used in the analysis, including details about the house's characteristics and geographical information.

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suryavanshirohit45
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51 views

Problem Statement

The document discusses the complexities involved in determining house prices, emphasizing that factors beyond location and square footage contribute to a property's value. It outlines the objective of analyzing various feature variables, such as the number of rooms, condition, quality, and square footage, to predict house prices. The document lists specific variables that will be used in the analysis, including details about the house's characteristics and geographical information.

Uploaded by

suryavanshirohit45
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Problem statement:

A house value is simply more than location and square footage. Like the features that make up a
person, an educated party would want to know all aspects that give a house its value. For
example, you want to sell a house and you don’t know the price which you may expect — it can’t
be too low or too high. To find house price you usually try to find similar properties in your
neighborhood and based on gathered data you will try to assess your house price.

Objective:
Take advantage of all of the feature variables available below, use it to analyse and predict house
prices.

1. cid: a notation for a house


2. dayhours: Date house was sold
3. price: Price is prediction target
4. room_bed: Number of Bedrooms/House
5. room_bath: Number of bathrooms/bedrooms
6. living_measure: square footage of the home
7. lot_measure: quare footage of the lot
8. ceil: Total floors (levels) in house
9. coast: House which has a view to a waterfront
10. sight: Has been viewed
11. condition: How good the condition is (Overall)
12. quality: grade given to the housing unit, based on grading system
13. ceil_measure: square footage of house apart from basement
14. basement_measure: square footage of the basement
15. yr_built: Built Year
16. yr_renovated: Year when house was renovated
17. zipcode: zip
18. lat: Latitude coordinate
19. long: Longitude coordinate
20. living_measure15: Living room area in 2015(implies-- some renovations) This might or
might not have affected the lotsize area
21. lot_measure15: lotSize area in 2015(implies-- some renovations)
22. furnished: Based on the quality of room
23. total_area: Measure of both living and lot

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