학술논문

Predicting the Sale Price of Pre-Owned Vehicles with the Ensemble ML Model
Document Type
Conference
Source
2023 4th International Conference on Electronics and Sustainable Communication Systems (ICESC) Electronics and Sustainable Communication Systems (ICESC), 2023 4th International Conference on. :1793-1797 Jul, 2023
Subject
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Robotics and Control Systems
Industries
Linear regression
Production
Pricing
Forestry
Predictive models
Prediction algorithms
Linear Regression
GBT Regression
Random Forest Regression
Machine Learning
Language
Abstract
Car price forecasting is a popular study topic because it requires a lot of work and knowledge. Used car pricing forecasting is a major auto industry concern. Machine learning can accurately predict used automobile prices based on many characteristics. Many distinct qualities are considered for accurate predictions. The suggested model uses a dataset that contains vehicle brand and model, year of production, mileage, condition, and other factors that affect used car prices. This study used linear regression, GBT regression, and random forest regression to estimate secondhand car prices. Then, algorithm performance was compared to find which method better fit the data set. Thus, these methods outperform others.