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I don't see how a model is supposed to accurately predict a house's selling price when in many markets people look at those estimated prices and add a percentag
by tunesmith 10y ago
I don't see how a model is supposed to accurately predict a house's selling price when in many markets people look at those estimated prices and add a percentage.
- eru 10y agoWhat do you mean? If there's an easy way to improve on the accuracy of the estimated price, by eg adding a percentage, shouldn't you just bake that simple way into your model in the first place?
- theandrewbailey 10y agoExactly. There are many reasons why a house sells above its estimated price. Several people might have been interested in it, for instance.