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Housing Prices - Modeling with Mean Deviation

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In the example for median asking prices for houses in the United States, we developed several formulas. For the formulas ...

[See the attached question file].

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Solution Summary

Neat, tabulated and explained solution to decide which of the two models is a better fit to the housing prices data.

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(1) Q = 59200(1.042)Y
Year Y Median Asking
Price in Dollars Price Predicted by
the Model in Dollars Absolute Value of the Deviation, D =
|Predicted - Actual| in ...

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