AE 02: Make a model

Note

This application exercise is completed in class and submitted via a worksheet.

Discussion questions

1. Identify as many characteristics as possible that make for a “good” predictive model.

2. With a partner, discuss the following predictive problems and identify what characteristics you would want in a model. Carefully consider the competing desires of the stakeholders.

   1. Assessing personal property value for tax purposes in Tompkins County, NY
   2. Approving mortgage applications