To Model a Country's Real Estate Prices

Hi Fellows,
Let say I want to model a country’s house prices for example Australia.
How many models should I use? One model for the whole country, or a model for each state or even one for each district? How should i approach this problem?

Please shed light.

Why not try more than one solution? Keep the one that gives you the best results for the problem you’re solving.

Hello @Kin_Yue,

I would recommend Tom’s suggestion. Your questions are very reasonable but there is no information about the data to discuss any further. If you have a dataset, why don’t you just try modeling it, or even analyze the dataset and try to find evidence for more than a model?

Cheers :slight_smile:

Hi Raymond,
Understood. Thanks for your reply:)

Hi Tom,
Thanks for your suggestion. It’s nice to speak to you again. You have helped me a lot when I took the earlier Machine Learning course conducted via Matlab.