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House price predictor ppt Project

This is develop machin learning model and uses dataset source kaggle,USA housing

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bkdanusri27
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138 views13 pages

House price predictor ppt Project

This is develop machin learning model and uses dataset source kaggle,USA housing

Uploaded by

bkdanusri27
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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HOUSE PRICE

PREDICTOR
• K.INDUJA
• BE(CSE) 3RD YEAR
• EMAIL ID:
[email protected]
• NM ID: au511321104031
Problem Statement
• The housing market will remain a complex sector that
will continue to affect people's lives significantly.
Accurately predicting house prices will be crucial for
making informed decisions when buying or selling a
home. In this project, we will use machine learning
techniques to predict house prices based on various
features.
Project Overview
• The primary objective of this project will be to develop a machine
learning model that will accurately predict house prices based on a
set of relevant features. This model will provide valuable insights to
both buyers and sellers in the housing market.
• Dataset Source: We will acquire our dataset from Kaggle, specifically
the "USA Housing" dataset. This dataset will contain a wealth of
information about houses in the USA, making it suitable for our
predictive modeling task.
• Dataset Link:
https://www.kaggle.com/datasets/vedavyasv/usa-housing
Design Thinking

• Our approach to solving this problem will be


structured into several phases, each with specific
objectives and tasks. These phases will include
data preprocessing, feature selection, model
selection, model training, and evaluation. This
structured approach will ensure that we
systematically address all aspects of the
problem.
Problem Definition
• The fundamental problem we aim to solve will be
predicting house prices accurately. To achieve this, we
will leverage machine learning techniques and a
dataset that will contain a variety of features related
to housing properties.
Data Source
We will obtain our dataset from Kaggle. This dataset will
include essential features such as location, square
footage, number of bedrooms and bathrooms, and, most
importantly, the house price. Having access to real-world
data will be essential for training a predictive model.
Tools/Modules: Pandas, NumPy, and Scikit-Learn will be
used for data preprocessing and initial analysis.
Data Preprocessing
• This phase will involve several crucial data preparation steps.
We will clean the dataset by addressing missing values,
outliers, and data inconsistencies. Additionally, we will
transform categorical features into numerical
representations using techniques like one-hot encoding or
label encoding. This step will ensure that the data is suitable
for machine learning.
• Tools/Modules: Pandas, NumPy, and Scikit-Learn will be
instrumental in data preprocessing.
Feature Selection

We will carefully select the most relevant features that


will contribute to predicting house prices accurately.
This will be achieved through exploratory data analysis
and feature importance analysis.
Tools/Modules: No specific tools/modules, but domain
knowledge and exploratory data analysis will be
essential.
Model Selection
Model Selection: To predict house prices, we will choose three models
for exploration:
1. Linear Regression: A fundamental model that will establish a linear
relationship between the input features and the target variable.
2. Random Forest Regressor: A powerful ensemble model that will
capture complex relationships and interactions in the data.
3. Support Vector Regression (SVR): A model that will use support
vector machines to perform regression tasks, capable of handling non-
linear relationships.
Tools/Modules: Scikit-Learn will be used for implementing these
models
Model Training
We will train each of the selected models using the
preprocessed dataset. Training will involve learning the
underlying patterns in the data, enabling the models to
make accurate predictions.
Tools/Modules: Scikit-Learn will be instrumental in
model training
Evaluation Metrics
To assess the performance of our models, we will use
key metrics such as Mean Absolute Error (MAE), Root
Mean Squared Error (RMSE), and R-squared. These
metrics will provide insights into how well each model
predicts house prices.
Tools/Modules: Matplotlib will be used for visualizing
the evaluation results.
Results
Our evaluation will reveal compelling results, demonstrating
the strengths and weaknesses of each model. We will
showcase the model's performance metrics, such as RMSE and
R-squared, to highlight their predictive capabilities.
Future Work
In our ongoing efforts to enhance predictive accuracy and gain deeper
insights into the housing market, we will plan to explore advanced
ensemble methods, hyperparameter tuning, and potentially more
sophisticated feature engineering techniques. By continuously
experimenting with diverse models and improving our data
preprocessing, we aim to uncover hidden patterns and improve our
predictions further.
Tools/Modules: In the future, we may explore additional tools and
libraries based on the specific needs of our project.

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