Price Model Importance Analysis: Unveiling Key Determinants for Sailboat Pricing

Similarly, the random forest method was employed to conduct importance analysis on the price model, which identified LOA, LWL, and BEAM as the three factors most strongly correlated with price. However, the importance of these factors is greatly influenced by the price level of the location where the sailboat is located, with a much greater impact on Catamarans than on Monohulled Sailboats. Personal income and price level also have a significant impact on the price of Catamarans. This conclusion lays the groundwork for the conclusion of problem three.