XGBoost and ANOVA-based Analysis of Sailboat Prices and Their Influencing Factors

The sailboat market is a dynamic industry characterized by fluctuations in demand and pricing due to factors such as economic conditions, area as well as the hull. Analyzing the factors influencing the listing price of sailboats has its pros and cons; the pros include a better understanding of market trends, informed decision-making for buyers and sellers, and insights into the most significant value drivers. The purpose of this study is to analyze the multiple influences on sailboat pricing. First, this paper finds that sailboat characteristics have little impact on pricing and other factors are more critical. The analysis shows that geographic region has an impact on pricing, but not significantly, while different sailboat types have different impacts in different regions. Finally, this paper finds that catamarans have a significantly greater impact on price than monohulls, emphasizing the importance of hull type in pricing. These findings deepen the understanding of sailboat pricing factors and have important implications for the market and consumer demand.