I have tree columns and I want to compute a new variable ("tot.price") as multiplications of these three variables based on conditions below:
A) if V1==1 then put value 1 in the new value "tot.price"
B) if V1==2 then multiply weight of 0.25 and multiply V2*V3 in the new value "tot.price"
C) if V1==3 then multiply weight of 0.5 and multiply V2*V3 in the new value "tot.price"
D) if V1==4 then multiply weight of 0.75 and multiply V2*V3 in the new value "tot.price"
E) if V1==5 then multiply weight of 1 and multiply V2*V3 in the new value "tot.price"
I have constructed code below but it gives me warning that " the condition has length > 1 and only the first element will be used". any help please?
if (data$V1 == "1") {
tot.price <- 1
} else {
if (data$V1 == "2") {
tot.price <- 0.25 * data$V2 * data$V3
} else {
if (data$V1 == "3") {
tot.price <- 0.5 * data$V2 * data$V3
} else {
if (data$V1 == "4") {
tot.price <- 0.75 * data$sub1_likelihood * data$sub1_severeness
} else {
if (data$V1 == "5") {
tot.price <- data$V2 * data$V3
} else {
}
}
}
}
}