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An Analysis of Car Price Prediction using Machine Learning
Department of Information Technology, Manipal Institute of Technology Bengaluru,Manipal Academy of Higher Education, India.ORCID iD: 0009-0009-0352-6001
Department of Information Technology, Manipal Institute of Technology Bengaluru,Manipal Academy of Higher Education, India.ORCID iD: 0000-0003-2514-4812
Department of Information Technology, Manipal Institute of Technology Bengaluru,Manipal Academy of Higher Education, India.ORCID iD: 0000-0002-3427-4486
Mälardalen University, School of Innovation, Design and Engineering, Innovation and Product Realisation.ORCID iD: 0000-0002-2833-7196
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2024 (English)In: ICMLT '24: Proceedings of the 2024 9th International Conference on Machine Learning Technologies, Association for Computing Machinery (ACM), 2024, p. 11-15Conference paper, Published paper (Refereed)
Abstract [en]

This research paper explores machine learning techniques, such as voting regressors, gradient boosting regressors, random forest regressors, decision tree regressors, and support vector regressors, for car predicting the car price. Each machine learning technique has its own unique advantages and disadvantages, with the voting regressor exhibiting the best results. Methodologically, GridSearchCV is used to tune hyperparameters on a dataset of more than 200 automobiles, each with 26 parameters. The outcomes demonstrate the predictive power of regression and ensemble techniques, providing insightful information to practitioners in the business and academics alike. The training accuracies range from 16.87% (MAPE) for Linear Regression, 96.78% for Decision Tree Regressor, 96.49% for Random Forest Regressor, 97.84% for Gradient Boosting Regressor,95.8% for Voting Regressor, 81.89% for Support Vector Regressor, notably the testing accuracies vary from 19.44% (MAPE) for Linear Regression, 87.76% for Decision Tree Regressor, 89.75% for Random Forest Regressor, 88.67% for Gradient Boosting Regressor, 88.02% for Voting Regressor, 79.55% for Support Vector Regressor.

Place, publisher, year, edition, pages
Association for Computing Machinery (ACM), 2024. p. 11-15
National Category
Software Engineering
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URN: urn:nbn:se:mdh:diva-69578DOI: 10.1145/3674029.3674032Scopus ID: 2-s2.0-85204676235OAI: oai:DiVA.org:mdh-69578DiVA, id: diva2:1921066
Conference
ICMLT 2024: 2024 9th International Conference on Machine Learning Technologies, Oslo, Norway, May 24 - 26, 2024
Available from: 2024-12-13 Created: 2024-12-13 Last updated: 2025-10-10Bibliographically approved

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Flammini, Francesco

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Bhatnagar, ParthLokesh, Gururaj HarinahalliShreyas, JFlammini, FrancescoGautam, Shivansh
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