Task: Determine the appropriate nightly rate to
charge for a home rental on AirBNB using point interpolation. This code
interpolated the prices from AirBnbs with similar characteristics to any
other location in between.
Interpolation approach: Inverse Distance Weighting,
using 10 closest units.
Estate address: 20 Maynard Pl, Cambridge, MA
02138
Characteristics: The rental is an entire home with 3
bedrooms and 3 baths.
Column
Point interpolation map of Cambridge, MA
Table with nightly rate recommendation
Price: Using Inverse Distance Weighting (IDW) with
the 10 closest units, the recommended price per night is $436.58