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Bulldozer price prediction
using regression model
REVIEW AND ANALYZING LITERATURE RELATED TO
OUR TOPIC
The list of articles related to our topic
• Car Price Prediction Using Machine Learning
https://drive.google.com/file/d/1ePbZeFKORcUpLpJbelFivG-tYquqGLZl/view?
usp=share_link
• Used Cars Price Prediction using Machine Learning with Optimal Features
https://drive.google.com/file/d/1k1S0SNS8RPhYNs-dDzQ4qyxZ6GjBK5fq/
view?usp=share_link
• OLD CAR PRICE PREDICTION WITH MACHINE LEARNING
https://drive.google.com/file/d/1h1fx1cpvgvODYiGmYBw7rfUwtJ_aSc4g/
view?usp=share_link
Car Price Prediction Using Machine Learning
• Importance:
To provide an overview of the concept of machine learning, its
evolution, and its potential applications in real-life scenarios. The
abstract explains that machine learning is not a new science, but
advancements in computing technologies have given it fresh
momentum. The ability of machine learning models to independently
adapt and learn from previous computations makes it an important
tool for solving prediction problems and analyzing data.
• Aim of it:
The aim is to build a supervised machine learning model that can
forecast the value of a vehicle based on multiple attributes.
Additionally, the system being built must be feature-based, meaning
that feature-wise prediction must be possible. The article also aims to
provide graphical comparisons to provide a better view of the results.
• Materials:
NumPy, SciPy, scikit-learn, Jupyter Notebook and Enthought Canopy
K-MEANS ALGORITHM, DECISION TREE REGRESSION
• Results:
“We found that the root means square error for KNN with k = 7 is
5581.96 and for CART is 4961.64 and actual price was 4999.”
• Conclusion
In conclusion, they have successfully implemented a machine learning
model using prominent algorithms from libraries in Python for
predicting the value of a vehicle based on multiple attributes. Through
pre-processing and data cleaning of the dataset, they found that there
is a positive correlation between price and kilometers traveled and
year of registration, and a negative correlation between price and
year of registration. Their model was trained using three lakh tuples
and compared using K Nearest Neighbour (KNN) and Classification
and Regression Trees (CART) algorithms, with CART proving to be
more accurate.
• References:
[1].M. Antonakakis, T. April, M. Bailey, M. Bernhard, E. Bursztein, J. Cochran, Z.
Durumeric, J. A. Halderman, L. Invernizzi, M. Kallitsis, D. Kumar, C. Lever, Z.
Ma, J. Mason, D. Menscher, C. Seaman, N. Sullivan, K. Thomas, and Y. Zhou,
"Understanding the mirai botnet," in Proc. of USENIX Security Symposium,
2017.
[2].Iman Sharafaldin, Arash Habibi Lashkari, and Ali A. Ghorbani, ―Toward
Generating a New Intrusion Detection Dataset and Intrusion Traffic
Characterization‖, 4th International Conference on Information Systems
Security and Privacy (ICISSP), Portugal, January 2018
[3].Hossein Hadian Jazi, Hugo Gonzalez, Natalia Stakhanova, and Ali A.
Ghorbani. "Detecting HTTP-based Application Layer DoS attacks on Web
Servers in the presence of sampling." Computer Networks, 2017
[4]. A. Shiravi, H. Shiravi, M. Tavallaee, A.A. Ghorbani, Toward developing a
systematic approach to generate benchmark datasets for intrusion detection,
Comput. Security 31 (3) (2012) 357–374.
Used Cars Price Prediction using Machine Learning
with Optimal Features
• Importance:
The importance of this article lies in providing a solution to a common
problem faced by many individuals in the market for personal
vehicles. By utilizing machine learning algorithms and statistical tests,
the proposed method can help both buyers and sellers make
informed decisions about the best price for their vehicle, leading to
more productive and efficient transactions. The study's efficiency and
effectiveness demonstrated by the prediction results provide a
promising solution to this problem.
• Aim of it:
To propose a method that can predict the optimal price for buying and
selling personal vehicles based on market value. The study focuses on
three target groups, including used car dealers, individuals interested in
buying or selling a used car, and online web services that determine the
market value of a used car. The proposed method utilizes machine
learning algorithms such as regression analysis, RFE, and statistical tests
to predict the optimal price for a car based on market value. The aim of
the article is to provide a productive and efficient method that helps
both buyers and sellers make informed decisions about the best price
for their vehicle, leading to more efficient and productive transactions.
Materials:
Random Forest, deep learning model, long short-term memory (LSTM),
convolution neural network architectures, recursive feature elimination
for linear regression, Kaggle for data collection.
• Results
The overall results of the study were that the model was found to be
productive and effective in predicting the prices of cars. The R2-Score,
which is a measure of how well the linear regression model fits the
data, was found to be 90%, indicating a good fit. The optimal features
for the model were identified as FUELTYPE, ASPIRATION, CARBODY,
DRIVEWHEEL, WHEELBASE, CARLENGTH, CARWIDTH, CURBWEIGHT,
ENGINETYPE, CYLINDERNUMBER, ENGINESIZE, BORERATIO,
HORSEPOWER, PRICE, BRAND_CATEGORY, and MILEAGE. The study
used label encoding for categorical attributes and rescaled the other
features for machine learning purposes. The model was refined by
using the RFE method to find the weights of the features, dropping
certain features based on their p-value and VIF, and monitoring the
error rate. The results showed that the model was able to make
accurate predictions of car prices.
• Conclusion
In conclusion, the authors developed a machine learning model based
on optimal features for predicting the prices of used vehicles. The
study employed various techniques such as RFE, OLS regression, and
VIF to select the best features and improve the model's performance.
The results showed that the model achieved 90% correct predictions,
indicating its effectiveness and efficiency for both customers and
dealers in the used vehicle market. The study suggests that the model
could be useful for supporting customers in selling and buying used
vehicles and helping dealers make profitable deals.
• References:
[1] Ashish Chandak, Prajwal Ganorkar, Shyam Sharma, Ayushi Bagmar, Soumya Tiwari,
Car Price Prediction Using Machine Learning, International Journal of Computer
Sciences and Engineering, Volume 7, Issue 5, May 2019.
[2] Durgesh k. Shrivstava, Lekha Bhambhu, “Data Classification Using Support Vector
Machine”, Journal of Theoretical and Applied Information Technology, Sep. 2009.
[3] Pattabiraman Venkatasubbu, Mukkesh Ganesh, “Used Cars Price Prediction using
Supervised Learning Techniques”, International Journal of Engineering and Advanced
Technology (IJEAT), Vol. 9, Issue 1S3, Dec. 2019.
[4] Vrushali Y Kulkarni, Pradeep K Sinha, “Effective Learning and Classification using
Random Forest Algorithm,” International Journal of Engineering and Innovative
Technology (IJEIT), Vol. 3, Issue. 11, May 2014.
THANKS A LOT FOR YOUR ATTENTION