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Flight Price Predictions

The document discusses using machine learning to optimize flight booking decisions through price prediction. It aims to help travelers save money by identifying the optimal time to book flights based on predictions of future ticket prices. The project involves collecting historical flight data, training machine learning models, and evaluating their performance in predicting prices. The benefits include cost savings for travelers, improved revenue strategies for airlines, and an enhanced travel experience overall. While accuracy and data limitations pose challenges, machine learning has great potential to revolutionize the travel industry if adopted widely.

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Suresh
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0% found this document useful (0 votes)
181 views37 pages

Flight Price Predictions

The document discusses using machine learning to optimize flight booking decisions through price prediction. It aims to help travelers save money by identifying the optimal time to book flights based on predictions of future ticket prices. The project involves collecting historical flight data, training machine learning models, and evaluating their performance in predicting prices. The benefits include cost savings for travelers, improved revenue strategies for airlines, and an enhanced travel experience overall. While accuracy and data limitations pose challenges, machine learning has great potential to revolutionize the travel industry if adopted widely.

Uploaded by

Suresh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 37

Kamarajar Government Arts College,

Surandai
Tenkasi (Dt.) - 627859.
APRIL - 2023

Optimizing Flight Booking Decisions


through Machine Learning Price Prediction

Team ID : NM2023TMID22068

Team Leader : SELVARAJ. N


Reg. No : 20201061506138

Team Member : SELVAMOORTHI. C


Reg. No : 20201061506136

Team Member : VENKATESH. M


Reg. No : 20201061506147

Team Member : KARTHICK KUMAR. V


Reg. No : 20201061506109
INDEX

S.No TITLE Pg.No:


:

01
Introduction 04
Problem Definition & Design
02 07
Thinking
03 Result 09
04 Advantages &Disadvantages 10
05 Application 12
06 Conclusion 13
07 Future Scope 14
08 Appendix 16
INTRODUCTION:

Welcome to the world of flight ticket booking optimization through

machine learning.In this project, we will be exploring how we can leverage machine

learning techniques to predict flight ticket prices and help customers save money

on their air travel expenses.

Airline ticket prices are highly dynamic and can fluctuate rapidly based on

various factors such as seasonality, demand, competition, and availability. By

using machine learning algorithms, we can analyze historical data and predict

future prices with a high degree of accuracy.

Our goal is to build a predictive model that can accurately forecast future

ticket prices and provide recommendations to users on the optimal time to book

their flights. This project will involve data collection, data cleaning, feature

engineering, model selection, and performance evaluation.

Through this project, we aim to help travelers make informed decisions

about their flight bookings and save money by booking at the right time. We look

forward to embarking on this exciting journey with you!learning models will become

even more accurate and effective in predicting flight delays, enabling the industry

to operate more efficiently and reliably.

Optimizing flight ticket booking through machine learning price prediction is

a project that aims to improve the process of purchasing airline tickets by

leveraging machine learning algorithms to predict ticket prices. The goal is to

enable travelers to make informed decisions about when to book their tickets and

how much to pay for them.


The project will involve collecting and analyzing historical data on flight

prices, as well as information about various factors that affect ticket prices, such as

time of year, airline, and route. Using this data, the machine learning model will be

trained to accurately predict future ticket prices.

The benefits of this project are numerous. For travelers, it can help them

save money by identifying the optimal time to book tickets. For airlines, it can

improve their revenue management by allowing them to better predict demand and

adjust prices accordingly. Overall, this project has the potential to revolutionize the

way people purchase airline tickets, making it more convenient and cost-effective.

Overview:

Flight booking decisions can be difficult, with travelers often struggling to

balance their budget constraints with their preferred travel dates and airline

preferences. Machine learning (ML) can help travelers make more informed

decisions by predicting flight prices based on historical data and current

market trends.

ML algorithms can analyze large amounts of data from various sources,

such as airline websites, travel agencies, and social media platforms, to

identify patterns and trends that influence flight prices. By using these

patterns, algorithms can make accurate predictions on how prices will

change in the future, enabling travelers to make more informed decisions on

when and where to book their flights.

With the help of ML-powered price prediction tools, travelers can optimize

their flight booking decisions and save money by booking at the right time
and choosing the best airline and travel dates for their needs. Additionally,

airlines and travel agencies can benefit from these tools by improving their

pricing strategies and increasing customer satisfaction.

Overall, the use of ML in flight booking can greatly improve the travel

experience for both travelers and businesses, making it easier and more

efficient to book flights and travel to new destinations.

Purpose:

The purpose of using machine learning for optimizing flight booking decisions

through price predictions is to help travelers make more informed decisions about

their flights, leading to cost savings and a better travel experience. The project aims

to provide accurate predictions of flight prices based on historical data and current

market trends, which can help travelers determine the best time to book their

flights and choose the most cost-effective travel dates and airlines.

The use of machine learning in this project also benefits airlines and travel

agencies by enabling them to optimize their pricing strategies, increase customer

satisfaction, and gain a competitive edge in the industry.

Overall, the purpose of this project is to leverage the power of machine learning to

improve the travel experience for both travelers and businesses, making it easier

and more efficient to book flights and travel to new destinations.


Problem definition & designing thinking:

Empathy map:
Brainstroming Map:

Result:
The use of machine learning for optimizing f;light booking decisoons

through price prediction has the potential is the revolitionize the travel

industry. By analysing large amounts of data from various sources,

machine learning algorithms can make accures price predictions and help

travellers make more informed decisions about their flights.

Output: (final output)

Advantages:
Cost savings:

Machine learning price prediction models can analyze a vast amount

of data and predict the best time to buy tickets, which can help customers

save money on their flight bookings.

Improved customer satisfaction:

If customers can book flights at lower prices, they are more likely to

be satisfied with the booking experience and the airline brand.

Competitive advantage:

Airlines that offer accurate price predictions through machine

learning can gain a competitive advantage in the market, as customers will

be more likely to choose their services over others.

Efficient use of resources:

By predicting the demand for flights, airlines can optimize their

resources, including planes and crew, reducing the risk of flying with empty

seats.
Disadvantages:

Limited accuracy:

Machine learning algorithms are only as good as the data they are

trained on, and there is always a risk of inaccurate predictions. This can

lead to customer frustration and dissatisfaction if they miss out on cheaper

flights.

Limited data availability:

Access to real-time data on flight bookings and cancellations can be

limited, which can impact the accuracy of machine learning models.

Ethical concerns:

There is a risk that airlines may use the information they gather

through machine learning algorithms to engage in price discrimination or

other unethical practices.

Technical challenges:

Implementing a machine learning algorithm can be technically

challenging, requiring significant investment in data analysis,

infrastructure, and expertise.


Applications:

The application of this project is in the travel industry, particularly in

the areas of online travel agencies, airline websites, and travel search

engines. By implementing machine learning algorithms for flight booking

decisions, companies can provide their customers with more accurate and

personalized recommendations for flights, resulting in cost savings and an

enhanced travel experience.

This also extends to airlines and travel agencies, as they can use

machine learning algorithms to optimize their pricing strategies and improve

their revenue management. By analyzing data on customer behavior and

market trends, companies can adjust their prices in real-time to attract

more customers and increase profitability.

By using machine learning algorithms to analyze data from multiple

sources, companies can provide their customers with more comprehensive

travel recommendations and an overall better travel experience.

In travel industry, where machine learning algorithms can be used to

optimize flight booking decisions, improve revenue management, and

enhance the travel experience for both businesses and customers.


Conclusion:

By analyzing large amounts of data from various sources, machine learning

algorithms can make accurate price predictions and help travelers make more

informed decisions about their flights.

The benefits of using machine learning for flight booking decisions include

increased accuracy, time and cost savings, customization, and improved pricing

strategies for airlines and travel agencies. However, there are potential drawbacks,

such as the need for accurate and up-to-date data, technical expertise, unforeseen

events, and privacy concerns.

Despite these challenges, the application of machine learning for flight

booking decisions is a promising development for the travel industry. Companies

that adopt these technologies are likely to gain a competitive advantage by

providing better pricing strategies and personalized recommendations to their

customers, resulting in increased customer satisfaction and loyalty.


Future Scope:

The future scope of this project is vast and promising, with the
potential to further improve the travel experience for both travelers and
businesses.

Integration with augmented reality:

The integration of machine learning algorithms with augmented reality


could help travelers to visualize and interact with their travel plans in real-
time, providing a more immersive and personalized travel experience.

Expansion to other modes of transportation:

The application of machine learning for optimizing travel decisions can


be extended beyond flight bookings to include other modes of transportation
such as trains, buses, and taxis. This would allow travelers to make more
informed decisions about their travel plans and choose the most cost-
effective and efficient modes of transportation.

Integration with smart cities:

The integration of machine learning algorithms with smart city


infrastructure could help travelers to navigate their destinations more
efficiently, providing real-time traffic information, parking recommendations,
and other helpful information.

Personalized travel recommendations:

As machine learning algorithms become more advanced, they will be able to


provide more personalized travel recommendations based on a traveler's
preferences and past travel history. This would allow companies to offer
customized travel packages and improve customer loyalty.

Increased use of natural language processing: The use of natural


language processing in conjunction with machine learning algorithms could
enable travelers to interact with virtual travel assistants using natural
language, providing a more intuitive and user-friendly experience.
Appendix :
Source Code :
import pickle
pickle.dump(rfr,open("model1.pk1",'wb'))
#importing libraries
import matplotlib.pyplot as plt

import numpy as nm

import pandas as pd

import seaborn as sns

from sklearn.model_selection import train_test_split

#from sklearn.preprocessing import labelEncoder

from sklearn.ensemble import


RandomForestRegressor,GradientBoostingRegressor,AdaBoostRegressor

from sklearn.tree import DecisionTreeRegressor

from sklearn.preprocessing import StandardScaler

from sklearn.neighbors import KNeighborsClassifier

from sklearn.svm import SVR

from sklearn.metrics import r2_score,mean_absolute_error,mean_squared_error

from scipy import stats

import warnings
import pickle

warnings.filterwarnings('ignore')

#Read the Dataset


data=pd.read_csv("/content/drive/MyDrive/Data_train.csv")

data.head()

for i in data:

print(i,data[i].unique())

#Checking value in Destination


data['Destination'].value_counts()

data.info()

data.Date_of_Journey=data.Date_of_Journey.str.split('/')

data.Date_of_Journey

#Treating the Data Column


data['Date']=data.Date_of_Journey.str[0]

data['Month']=data.Date_of_Journey.str[1]

data['Year']=data.Date_of_Journey.str[2]

data.head()

data.Total_Stops.unique()

data.Route=data.Route.str.split('->')

data.Route

data['City1']=data.Route.str[0]

data['City2']=data.Route.str[1]

data['City3']=data.Route.str[2]

data.head()

#data.dropna(inplace=True)

#data.isnull().sum()

#In the similar manner, we split the Dep_time column, and create separate
columns for departure hours and minutes
data['Dep_hour'] = pd.to_datetime(data['Dep_Time']).dt.hour

data['Dep_min'] = pd.to_datetime(data['Dep_Time']).dt.minute

data.drop('Dep_Time',axis=1,inplace=True)

data['Arrival_hour'] = pd.to_datetime(data['Arrival_Time']).dt.hour

data['Arrival_min'] = pd.to_datetime(data['Arrival_Time']).dt.minute

data.drop('Arrival_Time',axis=1,inplace=True)

data.head()

data.Duration=data.Duration.str.split('')

data['Travel_Hours']=data.Duration.str[1]

data['Travel_Hours']=data['Travel_Hours'].str.split('h')

data['Travel_Hours']=data['Travel_Hours'].str[0]

data.Travel_Hours=data.Travel_Hours

data['Travel_Mins']=data.Duration.str[0]

data['Travel_Mins']=data.Travel_Mins.str.split('m')

data['Travel_Mins']=data.Travel_Mins.str[1]

data.head()

data.Additional_Info.unique()

data.isnull().sum()

categorical=['Airline','Source','Destination','Additional_Info','City1']

numerical=['Total_Stops','Date','Month','Year','Dep_Time_Hour','Dep_Time_Mins','Arr
ival_Date','Arrivel_Time_Hour','Arrival_Time_Mins','Travel_Hours','Travel_Mins']

data.head()

#Label Encoder
from sklearn.preprocessing import LabelEncoder

le=LabelEncoder()

data.Airline=le.fit_transform(data.Airline)

data.Source=le.fit_transform(data.Source)

data.Destination=le.fit_transform(data.Destination)
data.Total_Stops=le.fit_transform(data.Total_Stops)

data.Additional_Info=le.fit(data.Additional_Info)

data.head(10)

data=data[['Airline','Source','Destination','Date','Month','Year','Dep_hour','Dep_min','
Arrival_hour','Arrival_min','Price']]

data.head()

#Descriptive Stastical
data.describe()

#Visual Analysis
c=1

plt.figure(figsize=(20,45))

categorical=['Airline','Source','Destination','Additional_Info']

#for i in categorical:

# plt.subplot(6,3,c)

#sns.countplot(x=data[i])

#plt.xticks(rotation=90)

#plt.tight_layout(pad=3.0)

#c=c+1

#plt.show()

#Displot function in Price column

plt.figure(figsize=(15,8))

sns.displot(data.Price)

#Correlation using HeatMap


sns.heatmap(data.corr(),annot=True)

#detecting the outlies


sns.boxplot(data['Price'])

y=data['Price']

x=data.drop(columns=['Price'],axis=1)

#scalling the data


ss=StandardScaler()
x_scaled=ss.fit_transform(x)

x_scaled=pd.DataFrame(x_scaled,columns=x.columns)

x_scaled.head()

#Split Train and Test


x_train,x_test,y_train,y_test=train_test_split(x,y)

x_train.head()

#using ensembele techniques

rf=RandomForestRegressor()

gb=GradientBoostingRegressor()

ad=AdaBoostRegressor()

for i in[rf,gb,ad]:

i.fit(x_train,y_train)

y_pred=i.predict(x_test)

test_score=r2_score(y_test,y_pred)

train_score=r2_score(y_train,i.predict(x_train))

if abs(train_score-test_score)<=0.2:

print(i)

print("R2 Score is->",r2_score(y_test,y_pred))

print("R2 for train Data->",r2_score(y_train,i.predict(x_train)))

print("Mean Absolute Error is->",mean_absolute_error(y_pred,y_test))

print("MEan Squared Error is->",mean_squared_error(y_pred,y_test))

print("Root Mean Squared Error is->",


(mean_squared_error(y_pred,y_test,squared=False)))

#KNN and Svm


knn=KNeighborsClassifier()
svm=SVR()

dt=DecisionTreeRegressor()

for i in[knn,svm,dt]:

i.fit(x_train,y_train)

y_pred=i.predict(x_test)

test_score=r2_score(y_test,y_pred)

train_score=r2_score(y_train,i.predict(x_train))

if abs(train_score-test_score)<=0.1:

print(i)

print("R2 Score is->",r2_score(y_test,y_pred))

print("R2 for train Data->",r2_score(y_train,i.predict(x_train)))

print("Mean Absolute Error is->",mean_absolute_error(y_pred,y_test))

print("Mean Squared Error is->",mean_squared_error(y_pred,y_test))

print("Root Mean Squared Error is->",


(mean_squared_error(y_pred,y_test,squared=False)))

#from sklearn.model_selection import cross_val_score

#for i in range(2,5):

# cv=cross_val_score(rf,x,y,cv=i)

#print(rf,cv.mean())

#Accuracy
rf=RandomForestRegressor(n_estimators=10,max_features='sqrt',max_depth=None)

rf.fit(x_train,y_train)

y_train_pred=rf.predict(x_train)

y_test_pred=rf.predict(x_test)

print("Test Accuracy",r2_score(y_train_pred,y_train))

print("Train Accuracy",r2_score(y_test_pred,y_test))

knn=KNeighborsClassifier(n_neighbors=2,algorithm='auto',metric_params=None,n_j
obs=1)

knn.fit(x_train,y_train)
y_train_pred=rf.predict(x_train)

y_test_pred=rf.predict(x_test)

print("Test Accuracy",r2_score(y_train_pred,y_train))

print("Train Accuracy",r2_score(y_test_pred,y_test))

#Evaluating the perfoermance

#price_list=pd.DataFrame({'Price':data})

#price_list

#Save the model


pickle.dump(rf,open('model1.pkl','wb'))

data.head()

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