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Analyse the Features and Estimating the Price of Houses Using Regression Algorithm

Author(s):

K.Yathin Phanindhra , SVS Group Of Institute Warangal; P.BhanuSaiVarun, SVS Group Of Institutions; Dr.T.Amitha, SVS Group Of Institutions

Keywords:

Price of Houses, Regression Algorithm

Abstract

Leveraging Machine Learning for Precise House Price Prediction with booming real estate data and powerful ML advancements, this study delves into predicting house prices using various features like location, size, amenities, and historical trends. A comprehensive dataset fuels the model, incorporating both numerical and categorical variables. The journey involves data preparation, missing value handling, categorical encoding, and numerical normalization for optimal performance. Numerous regression algorithms, including linear regression, decision trees, random forests, and gradient boosting, are employed and compared to identify the champion in accurate and robust house price prediction. The results speak for themselves: ML models masterfully capture hidden connections within real estate data, delivering reliable house price estimates. The study also analyzes the significance of features in influencing property values, unveiling the key drivers of the market. Through metrics like Mean Absolute Error, Mean Squared Error, and R-squared, the model's prowess in accurate price estimation is undeniable.

Other Details

Paper ID: IJSRDV12I20089
Published in: Volume : 12, Issue : 2
Publication Date: 01/05/2024
Page(s): 35-37

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