Business Problem Our client wanted to estimate the sale prices of dif- ferent condo units in high-rise buildings located in New Port area in Jersey City, NJ. They also wanted to understand the pricing effect of various factors, such as square footage, number of bedrooms, bath- rooms, floor height, patio area, view, etc. Additional- ly, they wanted to consider the effects of location of the building, closeness to public transportation, mall,

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