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Welcome to Airbnb Analysis Corp.! Your task is to set the competitive daily accomodation rate for a client’s house in Bondi Beach. The owner currently charges $500. We have been tasked to estimate a fair value that the owner should be charging. The house has the following characteristics and constraints. While developing this model you came to realise that Airbnb can use your model to estimate the fair value of any property on their database, your are effectively creating a recommendation model for all prospective hosts!
A fast food chain plans to add a new item to its menu. However, they are still undecided between three possible marketing campaigns for promoting the new product. In order to determine which promotion has the greatest effect on sales, the new item is introduced at locations in several randomly selected markets. A different promotion is used at each location, and the weekly sales of the new item are recorded for the first four weeks.
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