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Cost Analyses of inaccurate regression model

User: "HaukeV"
New Altair Community Member
Updated by Jocelyn
Hi,

I have built a model to estimate house prices, however I would like to classify the predictions as correct or incorrect based on a % difference with the correct price. Any idea how I can do that? I would then like to apply a cost and a benefit for every correct/incorrect prediction.

Kind regards,
Hauke

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