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House Price Prediction

This document provides an overview of a project to predict house prices using machine learning models. The objectives are to accurately predict prices, ensure real-world applicability, select relevant features, create an interpretable model, design a scalable solution, and ensure ethical standards. The project involves collecting housing data from various sources, exploring the data, selecting appropriate models like linear regression, decision trees and random forests, training and testing the models, tuning hyperparameters, developing a user interface and measuring prediction accuracy.

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srishti porwal
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303 views12 pages

House Price Prediction

This document provides an overview of a project to predict house prices using machine learning models. The objectives are to accurately predict prices, ensure real-world applicability, select relevant features, create an interpretable model, design a scalable solution, and ensure ethical standards. The project involves collecting housing data from various sources, exploring the data, selecting appropriate models like linear regression, decision trees and random forests, training and testing the models, tuning hyperparameters, developing a user interface and measuring prediction accuracy.

Uploaded by

srishti porwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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House Price

Prediction
Domain: Machine Learning

9/3/20XX 1
2

TRAINING
DETAILS
•Domain: Machine Learning
•Role: Software Trainee
•Mode of Training: Remote
•Company Name: CodSoft
•Start Date: 10th July
•End Date: 10th August
•Duration: 31
Introduction
Today, I am very excited to present our project on "House
Price Prediction." In the world of real estate,
understanding and accurately predicting house prices is of
paramount importance. Whether you are a prospective
homebuyer, a real estate investor, or a homeowner looking
to assess the market value of your property, having
reliable insights into housing prices can significantly
impact your financial decisions.

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OBJECTIVES
• Accurate Price Prediction-The primary objective is to develop a model that accurately predicts
house prices.
• Real-World Applicability-Ensure that the model is practical and useful for real-world scenarios.
• Feature Selection-Identify and select the most relevant features (attributes) that influence house
prices.
• Model Interpretability-Create a model that not only predicts prices but also allows users to
understand why a particular prediction was made.
• Scalability-Design a scalable solution that can handle a large volume of housing data and adapt to
changing market conditions.
• Ethical Considerations-Ensure that the model and its predictions adhere to ethical standards.
Data Collection:
• Data Sources- Common sources include real estate websites, property listings,
public datasets, and APIs from real estate agencies.

• Select Geographic Scope- Decide on the geographic area or region for which
you want to predict house prices.

• Data Collection Methods- Use web scraping techniques to extract data from
real estate websites and listings.
Exploratory Data Analysis (EDA):
Heat Map
Model Selection:

• Linear Regression- a widely used statistical and machine learning technique for
modeling the relationship between a dependent variable (target) and one or more
independent variables (features or predictors) by fitting a linear equation.
• Classification- a fundamental concept in machine learning and statistics that involves
categorizing data points into predefined classes or categories based on their features.
• Decision Tree- A supervised machine learning algorithm used for both classification
and regression tasks. It's a graphical representation of a decision-making process
• Random Forest -It is built on the foundation of decision trees and offers
improved predictive accuracy, robustness against overfitting, and feature
importance assessment
Training and Testing:

Hyperparameter Tuning:
User Interface
Prediction Accuracy
Conclusion
This project has provided valuable
insights into the complex world of
real estate valuation. Through
careful data collection,
preprocessing, and model
development, we have achieved
significant progress in accurately
predicting house prices.

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• THANK YOU

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