Real Estate—Accounting for Value
Lecture no. 18 from the course: Meaning from Data: Statistics Made Clear
Taught by Professor Michael Starbird | 28 min | Categories: The Great Courses Plus Online Mathematics Courses
Tax authorities often need to set valuations for every house in a tax district. The challenge is to use the data about recently sold houses to assess the values of all the houses. This classic example of statistical inference introduces the idea of multiple linear regression.