Estimation of Car Price Prediction Using Various Machine Learning Algorithms

Estimation of Car Price Prediction Using Various Machine Learning Algorithms

Rahul Patil1, Rishikesh Bade2, Shubham Pawar3, Rushikesh Aitwad4
BE Students, Department of Computer Engineering, Dr. D. Y. Patil College of Engineering, Ambi, Pune, Maharashtra, India

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Abstract-- The manufacturer sets the industry standard for new automobile prices, with the government incurring some additional expenses in the form of taxes. In light of this, consumers Those who invest money in cars may be confident that it will be worthwhile. Used car sales, meanwhile, are rising globally as a result of new car price increases and consumers' inability to afford to buy them. Consequently, a system that accurately assesses the value of the vehicle utilizing a range of features is urgently needed. A technique that is part of the current system involves a seller setting a price at random while the buyer is unaware of the car's current market worth. In actuality, neither the seller nor the price at which he ought to sell the car have any notion of the current value of the vehicle. We have created a model that will be quite effective in resolving this issue. Regression algorithms are employed because, as opposed to categorical values, their output is a continuous value. As a result, it will be feasible to forecast the exact cost of an automobile rather than its price range. A user interface that accepts input from any user and displays the price of a car based on their inputs has also been developed.

Key Words: car price prediction, support vector machines, classification, machine learning.