Many jobs are centered around risk management. If you’re looking through job postings, of course, you’ll see lots of jobs whose purpose is to make sure that nothing bad happens – the equivalent of locking the doors and closing the windows. More interesting from a statistical perspective are the jobs that assume that bad thingsContinue reading “Job Spotlight: Risk Analyst”
Daily Archives: May 17, 2019
Problem of the Week: The Value of Bedrooms
Question: You work for an internet real-estate company, building statistical models to predict home price on the basis of square footage, number of bedrooms, number of bathrooms, property type (single family home, townhouse, multiplex), and age. Surprisingly, you find the coefficient for bedrooms is negative, meaning that adding bedrooms decreases value. What might account forContinue reading “Problem of the Week: The Value of Bedrooms”