Using Linear Regression to Predict Future Monthly Maintenance Fees

historical main.png
maint fee prediction thru 2082.png
main fee prediction.png

(For the README file and code, please click here.)

Executive Summary

In May 2024, I used linear regression to forecast my future monthly maintenance fees through the year 2081. I moved into my coop in 2019, and at the time my monthly maintenance fee was $550.35. It increases 1% every year. I was particularly curious to see how much the fee would be my first year of retirement in the year 2047 until I turn 99 in the year 2081.

It turns out that in 2047, assuming that there are no changes in how much the percentage increases, the fee will be $696.07. By the year 2081, it’ll be $875.24.

Tool Used

  • Python in a Jupyter Notebook via Visual Studio Code

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