A real estate agent who focuses on low value homes is interested in using decision trees to classify the values of homes
Posted: Tue Jul 05, 2022 9:56 am
A real estate agent who focuses on low value homes is interestedin using decision trees to classify the values of homes in thisarea. He considers misclassifying a ‘low’ value home as ‘high’ tobe a more costly error, because it will be harder for him to sellan actual ‘low’ value home if he presents the ‘false high’ resultsto the seller. Therefore, he assigns a cost of 0.9 to such an error(and thus 0.1 for the cost of misclassifying a ‘high’ value home as‘low’). With this set of costs, which tree model is better for him?Show your calculations.