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Predicting the price of used cars using Machine Learning techniques-1

This paper explores the use of supervised machine learning techniques to predict used car prices in Mauritius, utilizing historical data from newspapers and comparing methods like linear regression, k-nearest neighbors, naïve bayes, and decision trees. While the existing systems showed low accuracy and efficiency, the proposed system aims to enhance prediction accuracy by considering various factors influencing car value. The system requires specific hardware and software configurations, including an i3 processor and Python as the coding language.

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varajagadeesh63
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26 views

Predicting the price of used cars using Machine Learning techniques-1

This paper explores the use of supervised machine learning techniques to predict used car prices in Mauritius, utilizing historical data from newspapers and comparing methods like linear regression, k-nearest neighbors, naïve bayes, and decision trees. While the existing systems showed low accuracy and efficiency, the proposed system aims to enhance prediction accuracy by considering various factors influencing car value. The system requires specific hardware and software configurations, including an i3 processor and Python as the coding language.

Uploaded by

varajagadeesh63
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Predicting the price of used cars using Machine Learning techniques

ABSTRACT:

In this paper, we investigate the application of supervised machine learning techniques to predict
the price of used cars in Mauritius. The predictions are based on historical data collected from
daily newspapers. Different techniques like multiple linear regression analysis, k-nearest
neighbours, naïve bayes and decision trees have been used to make the predictions. The
predictions are then evaluated and compared in order to find those which provide the best
performances. A seemingly easy problem turned out to be indeed very difficult to resolve with
high accuracy. All the four methods provided comparable performance

EXISTING SYSTEM :

In this paper, we investigate the application of supervised machine learning techniques to predict
the price of used cars in Mauritius. The predictions are based on historical data collected from
daily newspapers. Different techniques like multiple linear regression analysis, k-nearest
neighbours, naïve bayes and decision trees have been used to make the predictions. The
predictions are then evaluated and compared in order to find those which provide the best
performances. A seemingly easy problem turned out to be indeed very difficult to resolve with
high accuracy. All the four methods provided comparable performance

EXISTING SYSTEM DISADVANTAGES:

1.LESS ACCURACY

2. LOW EFFICIENCY

PROPOSED SYSTEM :

Predicting the resale value of a car is not a simple task. It is trite knowledge that the value of
used cars depends on a number of factors. The most important ones are usually the age of the car,
its make (and model), the origin of the car (the original country of the manufacturer), its mileage
(the number of kilometers it has run) and its horsepower. Due to rising fuel prices, fuel economy
is also of prime importance. Unfortunately, in practice, most people do not know exactly how
much fuel their car consumes for each km driven. Other factors such as the type of fuel it uses,
the interior style, the braking system, acceleration, the volume of its cylinders (measured in cc),
safety index, its size, number of doors, paint colour, weight of the car, consumer reviews,
prestigious awards won by the car manufacturer, its physical state, whether it is a sports car,
whether it has cruise control, whether it is automatic or manual transmission, whether it belonged
to an individual or a company and other options such as air conditioner, sound system, power
steering, cosmic wheels, GPS navigator all may influence the price as well. Some special factors
which buyers attach importance in Mauritius is the local of previous owners, whether the car had
been involved in serious accidents and whether it is a lady-driven car. The look and feel of the
car certainly contributes a lot to the price

PROPOSED SYSTEM ADVANTAGES:

1.HIGH ACCURACY

2.HIGH EFFICIENCY

SYSTEM ARCHITECTURE:

HARDWARE & SOFTWARE REQUIREMENTS:

HARD REQUIRMENTS :

 System : i3 or above.
 Ram : 4 GB.
 Hard Disk : 40 GB

SOFTWARE REQUIRMENTS :

 Operating system : Windows8 or Above.


 Coding Language : python

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