House Tax Prediction

using Random Forest in

AIML

House tax prediction using Random Forest in AIML is a complex problem in the
field of Artificial Intelligence and Machine Learning. The aim is to develop an
accurate predictive model for estimating house tax based on various input
features.
 About the Dataset
The dataset used for house tax prediction consists of various features including
CRIM: Per capita crime rate by town.
ZN: Proportion of residential land zoned for lots over 25,000 sq.ft.
INDUS: Proportion of non-retail business acres per town.
CHAS: Charles River dummy variable (1 if tract bounds river; 0 otherwise).
AGE: Proportion of owner-occupied units built prior to 1940.
LSTAT: Percentage of lower status of the population.

Additionally, there is a target variable:

TAX: Full-value property-tax rate per $10,000.

Data Preprocessing

Data preprocessing is a process of preparing the raw data and making it suitable
for a machine learning model.It is the first and crucial step while creating a
machine learning model.
Data preprocessing is required tasks for
cleaning the data and making it suitable for a machine learning model
which also increases the accuracy and efficiency of a machine learning model.
Feature Scaling

Feature scaling is important when features have different scales or units.

Standardization ensures that all features have a similar scale, preventing features
with larger magnitudes from dominating those with smaller magnitudes during
model training.

Implementation:In the code, StandardScaler is instantiated and then applied to

the feature matrix X. This process standardizes each feature independently based
on the mean and standard deviation calculated from the training data.
 Exploratory Data Analysis
Describing the Data: Using data.describe()
Checking Data Info: data.info()

Checking Correlation: data.corr()['TAX'].sort_values(ascending=False) calculates

the correlation coefficients between the target variable 'TAX' and all other
features in the dataset. This helps in understanding the relationships between
different features and the target variable, which can guide feature selection and
model building.

Plotting Results: The scatter plot created towards the end of the code
(sns.scatterplot(pred)) visualizes the relationship between the actual and
predicted values of the target variable. This helps in assessing the performance of
the model and identifying any patterns or trends in the predictions.
Random Forest Algorithm
The Random Forest algorithm is a powerful ensemble learning method that
combines multiple decision trees to make predictions. It is well-suited for the
house tax prediction task due to its ability to handle large datasets and reduce
overfitting.
Random Forest creates diverse models and aggregates them to improve accuracy
and generalization, making it a reliable choice for complex prediction tasks.
Why not use Feature Engineering
and Selection

The dataset already contain relevant features that are directly informative for predicting the target variable
(property tax rates)
thats why we dont use here feature engineering and feature selection
Conclusion: Summary of the project and
key findings
The project on house tax prediction using Random Forest in AIML has shown promising results. The trained
Random Forest model demonstrates high accuracy in predicting house tax for new data, making it a reliable
tool for real-world applications.