SOA Exam SRM Sample Question 63
Study guide: Exam SRM
You have constructed the following regression tree predicting unit sales (in thousands) of car seats. The variable ShelveLoc has possible values Good, Medium, and Bad.
| Variable | Observed Value |
|---|---|
| ShelveLoc | Good |
| Price | 120 |
| Age | 57 |
| Advertising | 12 |
Determine the predicted unit sales (in thousands) for the above observation based on the regression tree.
- A) 4.7
- B) 6.6
- C) 7.4
- D) 9.2
- E) 9.4
Answer this question and see the worked solution