If you want to predict the price of an apartment, which of the following ML techniques you may consider?RegressionClusteringAny of the these optionsClassification
Question
If you want to predict the price of an apartment, which of the following ML techniques you may consider?RegressionClusteringAny of the these optionsClassification
Solution
If you want to predict the price of an apartment, the most suitable machine learning technique would be Regression. This is because regression is used for predicting a continuous outcome variable (like price) based on one or more predictor variables.
Here's a step-by-step explanation:
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Regression: Regression models are the right choice for predicting a continuous outcome, such as the price of an apartment. They can handle a variety of different types of predictor variables and can also account for interactions and nonlinear relationships between variables.
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Clustering: Clustering is a type of unsupervised learning used to group similar instances on the basis of features. It's not typically used for prediction tasks, but rather for exploring the structure and patterns in data.
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Any of these options: While it's technically possible to use any machine learning technique for any task, the results may not be optimal. For predicting a continuous variable like price, regression is the most appropriate choice.
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Classification: Classification models predict categorical outcome variables. They divide data into categories based on the input features, which is not what we want when we're trying to predict a continuous outcome like price.
So, the best choice to predict the price of an apartment would be Regression.
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