Question: Problem Statement For this lab, you are the first Data Scientist to be hired at a new online home sales startup company. For your first
Problem Statement
For this lab, you are the first Data Scientist to be hired at a new online home sales startup company. For your first task, the CEO wants you to dig into the data to determine the most important factors that impact the price of a home.
Answer this question using data transformations and visualizations in a Jupyter Notebook. You can use any Python data visualization package.
Narrow down your search to factors. Write a introduction paragraph describing the rationale why you chose to explore those factors instead of any other options. At least must be categorical variables, and at least must numerical variables.
For each variable you chose to explore, you must have a single variable plot to show its distribution such as a histogram or bar plot. And a bivariate plot to show its relationship to house price. Write sentences about the findings for each variable.
Write a conclusion paragraph to summarize your findings from the data exploration and visualizations.
What factors have the biggest influence on house price?
How do you know that from the data?
Why do you think that is the case?
What would be your next steps if you were to continue exploring the data, what other variables or variable transformations would you include in your analysis?
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