House Price Prediction

Abstract: House price prediction is a critical task in the real estate industry, involving the use of statistical and machine learning techniques to estimate property values based on various features. This study aims to develop a predictive model that utilizes historical data, including attributes such as location, size, number of rooms, property age, and market conditions. By leveraging advanced algorithms like linear regression, decision trees, and neural networks, the model strives to provide accurate and reliable price forecasts. The results of this prediction can benefit homeowners, buyers, real estate agents, and policymakers by enabling data-driven decisions. This paper discusses the dataset, preprocessing techniques, feature selection, model implementation, evaluation metrics, and challenges, offering insights into how predictive modeling can enhance transparency and efficiency in the housing market.

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Publication Details

Journal
International Journal for Research in Applied Science and Engineering Technology
Published
2024-12-30
DOI
https://doi.org/10.22214/ijraset.2024.66042
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
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article

House Price Prediction

Rachanagouda Patil, Harshal S. Patil, Majid Khan, Prof. Anup Bhange et al.
International Journal for Research in Applied Science and Engineering Technology
Housing Market and Economics
article

House Price Prediction

Rachanagouda Patil, Harshal S. Patil, Majid Khan, Prof. Anup Bhange, Prajwal Pazare
article en

Abstract

Abstract: House price prediction is a critical task in the real estate industry, involving the use of statistical and machine learning techniques to estimate property values based on various features. This study aims to develop a predictive model that utilizes historical data, including attributes such as location, size, number of rooms, property age, and market conditions. By leveraging advanced algorithms like linear regression, decision trees, and neural networks, the model strives to provide accurate and reliable price forecasts. The results of this prediction can benefit homeowners, buyers, real estate agents, and policymakers by enabling data-driven decisions. This paper discusses the dataset, preprocessing techniques, feature selection, model implementation, evaluation metrics, and challenges, offering insights into how predictive modeling can enhance transparency and efficiency in the housing market.

International Journal for Research in Applied Science and Engineering TechnologyVol. 12(12)
Nagpur Institute of Technology (IN)
Openalex Percentile: Top 70%
Housing Market and Economics
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