You are asked “Should we buy a house or not?” and given the following set of rul

Question

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.

Explanation / Answer

Use forward chaining with a low inflation rate because it is stated when interest rates are low and the alternative stattes how housing prices are high .The alternative means rise in inflation and prices which automatically suggests that the houses are expensive .

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