Data Mining Project: Real Estate Online

Purchasing
Objective Function
Increase the conversion rate of online property views to purchases.

Constraints
1. Available property data (price, location, size, amenities, etc.).
2. User behavior data on the website (clicks, time spent on listings, interactions).
3. Legal and regulatory considerations for online property transactions.
4. Trust factors that influence online buying decisions.

Success Criteria
1. A higher percentage of transactions completed online versus offline.
2. Positive user feedback on the online buying experience.
3. Increase in overall company profit from online sales.

Model Approach
Use a supervised learning model to predict the likelihood of a property being sold online
based on its features and user interaction data. This model could help identify what makes a
property more likely to be sold online and thus allow the company to focus on these
features in their listings.