1. Effective prediction of used car prices using machine learning.
- Author
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Bhatt, Nirav, Patel, Rudra, Patel, Divy, Patel, Prathamkumar, and Prajapati, Purvi
- Subjects
- *
USED car sales & prices , *AUTOMOBILE sales & prices , *USED cars , *RANDOM forest algorithms , *AUTOMOBILE industry - Abstract
Cars have an important role in promoting mobility and economic engagement. However, precisely finding a fair price for a secondhand car remains difficult. In this paper, we apply machine learning to estimate used automobile prices. Using two Kaggle datasets, we examine the performance of three methods: linear regression, random forest, and gradient boosting. Our results show that Random Forest consistently beats the other techniques in both datasets, indicating its usefulness in predicting automobile pricing. This study provides important insights for buyers, sellers, and the automotive industry. [ABSTRACT FROM AUTHOR]
- Published
- 2025
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