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Car Price Predictiondoc

The Car Price Prediction project utilizes machine learning techniques, specifically multiple linear regression, to accurately estimate car prices based on various features. It aims to improve upon existing systems by providing data-driven accuracy, automation, and a user-friendly interface for buyers and sellers. The project includes modules for data collection, exploratory analysis, model development, training, and a prediction mechanism.

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Harsha Chowdary
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10 views3 pages

Car Price Predictiondoc

The Car Price Prediction project utilizes machine learning techniques, specifically multiple linear regression, to accurately estimate car prices based on various features. It aims to improve upon existing systems by providing data-driven accuracy, automation, and a user-friendly interface for buyers and sellers. The project includes modules for data collection, exploratory analysis, model development, training, and a prediction mechanism.

Uploaded by

Harsha Chowdary
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF INFORMATION TECHNOLOGY

Car Price Predictions Using Machine Learning


(Font- Times New Roman, 18 pts)

Under The Esteemed Guidance of


Dr. KUPPANI SATHISH, M. Tech., PhD,
Professor
Submitted By: -

Name: Roll No:

NALLAPATI HARSHA VARDHAN 21NE1A1286

MITTA MADHU BABU 21NE1A1279

RAPATHATI OBULESU 21NE1A12B6

SHAIK NAGUL MEERA 21NE1A12B7

SIGNATURE OF PROJECT GUIDE SIGNATURE OF CO-ORDINATOR SIGNATURE OF HOD


ABSTRACT (Font- Times New Roman, 12 pts, BOLD)

The Car Price Prediction project employs machine learning techniques to estimate car prices based on
features such as brand, model, year of manufacture, mileage, fuel type, and more. This solution aims to
assist buyers and sellers by providing an accurate and reliable estimation of car prices, facilitating informed
decisions. The project uses multiple linear regression to establish a robust relationship between various
factors and car prices, ensuring precision in predictions.

EXISTING SYSTEM:

The existing systems for car price estimation rely heavily on manual assessments or limited online tools.
These methods are often inaccurate due to:
• Lack of transparency in pricing models.
• Insufficient use of historical or feature-specific data.
• Inconsistent predictions arising from subjective evaluations.

PROPOSED SYSTEM:

The proposed system introduces a machine learning-based car price prediction model that addresses the
shortcomings of traditional methods. Key features include:
• Data-Driven Accuracy: A comprehensive dataset and advanced regression techniques are used to
improve prediction reliability.
• Automation: Automates the price estimation process, minimizing manual effort.
• User-Focused Design: Offers an intuitive interface for seamless user interaction.
• Future-Proof Enhancements: Envisions the integration of advanced user preferences like safety
features, car aesthetics, and additional functionalities.

MODULE DESCRIPTION:

1. Data Collection and Preprocessing


o Import and clean the dataset, handling missing values, encoding categorical data, and
scaling numerical features.
2. Exploratory Data Analysis (EDA)
o Perform a detailed analysis to uncover patterns, correlations, and trends in the dataset.
3. Model Development
o Utilize multiple linear regression to create a model that predicts car prices based on input
features.
4. Model Training and Evaluation
o Train the model using the dataset and validate it with test data to measure accuracy.
5. Prediction Module
o Build a mechanism to accept user inputs and generate price predictions dynamically.
6. User Interface (UI)
o Design a user-friendly interface to enable easy input of car features and display
predicted prices.
SOFTWARE REQUIREMENTS:

• Programming Language : Python


• Libraries : NumPy, Pandas, Matplotlib, Scikit-learn
• IDE : Jupyter Notebook, VS Code
• Framework: Flask/Django (for UI development)

HARDWARE REQUIREMENTS:

Processor : Intel i5 or equivalent


RAM : Minimum 8GB
Storage : Minimum 250GB

REFERENCES:

• Machine Learning" by Tom Mitchell (1997)


• "An Introduction to Statistical Learning" by Gareth
James, Daniela Witten, Trevor Hastie, and Robert
Tibshirani (2013)
• "Python Machine Learning" by Sebastian Raschka
and Vahid Mirjalili (2015)

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