You are asked ldquoshould we buy a house or notrdquo and


You are asked “Should we buy a house or not?” and given the following set of rules to answer it:

R1: IF inflation is low, THEN interest rates are low, ELSE interest rates are high.

R2: IF interest rates are high, THEN housing prices are high. ELSE housing prices are low R3:

IF housing prices are high, THEN do not buy a house, ELSE buy a house.

a. Run backward chaining with a high inflation rate, as given.

b. Run forward chaining with a low inflation rate, as given.

c. Prepare an inference tree for the backward-chaining case.

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Business Economics: You are asked ldquoshould we buy a house or notrdquo and
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