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You're Training a Model to Predict Housing Prices Based on an Available

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You're training a model to predict housing prices based on an available dataset with real estate properties. Your plan is to train a fully connected neural net, and you've discovered that the dataset contains latitude and longitude of the property. Real estate professionals have told you that the location of the property is highly influential on price, so you'd like to engineer a feature that incorporates this physical dependency. What should you do?


Definitions:

Specialty Shops

Retail businesses that focus on selling a particular type or category of product, offering a narrow but deep assortment of merchandise.

Big Box Stores

Large retail stores that offer a wide variety of goods and typically have a warehouse or warehouse-like design.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is higher than their objective accuracy.

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

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