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7. Modeling with Decision Trees > Modeling Home Prices

Modeling Home Prices

There are many potential uses for decision trees, but they are most useful when there are several possible variables and you’re interested in the reasoning process. In some cases, you already know the outcomes, and the interesting part is modeling the outcomes to understand why they are as they are. One area in which this is potentially very interesting is understanding prices of goods, particularly those that have a lot of variability in measurable ways. This section will look at building decision trees for modeling real estate prices, because houses vary greatly in price and have many numerical and nominal variables that are easily measured.

The Zillow API


  

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