Beyond Search: A Network-Based Exploration of Buyer Behavior in the OLX Car Market

The information on used cars offers a thorough analysis of the second-hand car industry. This dataset may be utilized to construct predictive models that can estimate the price of a used car based on its characteristics, including the make, model, year, mileage, fuel type, and condition. This dataset enables comprehensive data analysis to extract insights into market trends, pricing dynamics, and buyer-seller behavior. The main goals are to examine price patterns depending on different characteristics, assess the influence of fuel type and geographical factors on pricing and demand, investigate the correlation between mileage and resale value, and determine the most popular automobile models. Furthermore, the dataset enables the development of predictive models that can estimate both selling prices and the amount of time it takes to sell a product. Methodologies encompass the processes of data cleaning and exploratory data analysis (EDA). The results will assist in identifying communities or clusters within the dataset, uncovering groups of cars with similar attributes or market characteristics. The results aim to offer comprehensive market insights, improve comprehension of buyer behavior, and create predictive tools to assist sellers, buyers, and platform operators in decision-making. Ultimately, this will optimize strategies and operations in the used car market.

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Publication Details

Published
2024-12-13
DOI
https://doi.org/10.1109/mpcit62449.2024.10892613
Primary Topic
Consumer Market Behavior and Pricing
Type
article
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article

Beyond Search: A Network-Based Exploration of Buyer Behavior in the OLX Car Market

G. R. Ramya, Y. Moin Ashvath
Consumer Market Behavior and Pricing
article

Beyond Search: A Network-Based Exploration of Buyer Behavior in the OLX Car Market

G. R. Ramya, Y. Moin Ashvath
article en

Abstract

The information on used cars offers a thorough analysis of the second-hand car industry. This dataset may be utilized to construct predictive models that can estimate the price of a used car based on its characteristics, including the make, model, year, mileage, fuel type, and condition. This dataset enables comprehensive data analysis to extract insights into market trends, pricing dynamics, and buyer-seller behavior. The main goals are to examine price patterns depending on different characteristics, assess the influence of fuel type and geographical factors on pricing and demand, investigate the correlation between mileage and resale value, and determine the most popular automobile models. Furthermore, the dataset enables the development of predictive models that can estimate both selling prices and the amount of time it takes to sell a product. Methodologies encompass the processes of data cleaning and exploratory data analysis (EDA). The results will assist in identifying communities or clusters within the dataset, uncovering groups of cars with similar attributes or market characteristics. The results aim to offer comprehensive market insights, improve comprehension of buyer behavior, and create predictive tools to assist sellers, buyers, and platform operators in decision-making. Ultimately, this will optimize strategies and operations in the used car market.

Amrita Vishwa Vidyapeetham (IN)
Openalex Percentile: Top 61%
Consumer Market Behavior and Pricing
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