Car Price Prediction and Analysis - Clustering and Predictive Model

Assignment Task

The variable definitions are provided below

Question 1

1. Perform a clustering on the

2. How many clusters do you think the data has?

3. What are the cluster characteristics?

Question 2

1. Develop a predictive model that predicts the price of the car quoted in the platform

2. What is the R-Square and Adjusted R-Square of the Model?

3. How do I build the model and what are the list of explanatory variables for the model?

4. Suppose I want to re-phrase the above problem as predicting the price for an ‘Expensive’ vs ‘non-expensive’ car. How do I change the model specification and how would I define the cut-off and why?

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