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5.1 Generate a new categorical variable called price_class. This variable can take three values:
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5.1 Generate a new categorical variable called price_class. This variable can take three values:
- price_class =1 when the hotel applies a non-refundable price lower or equal to € 100.00;
- price_class =2 when the hotel applies a non-refundable price higher than €100.00 but lower than or equal to €150,00;
- price_class =3 when the hotel applies a non-refundable price higher than €150,00.
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