Principal Component Analysis a study of used sailboat price forecasting based on a quadratic non-linear regression model

Abstract

As sailing becomes more popular, more and more people are getting into sailing and the consumer market for sailing is expanding. Sailboat dealers need to price their sailing boats appropriately in order to attract consumers and make a profit. There are many factors that influence the price of a sailboat, and this paper examines the impact of the year of manufacture, size, draft, sail area and displacement, all of which are attributes of a sailboat, as well as the regional factor of GDP, on the pricing of a sailboat.