car price prediction using machine learning.pptx

we can predict the old cars price by using machine learning by this we can save the money

1. MACHINE LEARNING USED CAR PRICE PREDICTION SUBMITTED BY: G.Karthik (B191910) K.Ravi (B192687)

2. ABSTRACT The project aims to develop and implement a machine learning-based solution for accurately predicting prices of used cars. Leveraging a diverse dataset encompassing key attributes such as car make, model, manufacturing year, mileage, and fuel type, the project focuses on creating a robust predictive model using Linear Regression.

3. WHY THIS PROJECT ? problem In used car market the prime concern is about the accurate price of selling through dealer solution By creating a machine learning model it predicts the accurate selling price based on car condition parameters,which benefits both buyers and sellers

4. The data was collected from a online car selling platform Ex: Quikr Data preprocessing steps: Cleaning, handling missing values, data encoding DATA SET OVERVIEW SOURCE OF DATA

5. MODEL DEVELOPMENT CHOICE OF ALGORITHM : LINEAR REGRESSION Linear Regression, employed in this project, is a supervised machine learning algorithm used for predicting numerical values, such as used car prices. It establishes a linear relationship between independent variables like car make, year, mileage, and the dependent variable, car price, Later encoding categorical features,and splitting the data into training and testing sets

6. FLOW Data collection Data cleaning training & test models Linear Regression model evaluation user interface

7. MODEL EVALUATION Evaluation is done by R-squared Score This model achieved a strong R-squared score of 0.81 on the test dataset. This score indicates that 81% of the variability in used car prices can be explained by the model. A higher R-squared score indicates a better fit of the model to the data

8. USER INTERFACE A user interface can be designed

9. ADVANTAGES Empowers buyers and sellers in the used car market by providing reliable price estimations based on key car attributes Utilizes machine learning to accurately estimate used car prices

10. Empowers buyers and sellers in the used car market by providing reliable price estimations based on key car attributes Utilizes machine learning to accurately estimate used car prices CONCLUSION

11. REFERENCES A Comparative Analysis of Machine Learning Models for Used Car Price Prediction IEEE research paper - by C Jin Scikit-learn documentation for details on linear regression implementation

12. THANK YOU