An Explainable AI Framework with ML Model Stacking for House Price Prediction

The post-COVID-19 real estate market has presented challenges in finding affordable housing. Accurate house price prediction systems can aid in addressing this issue. This research develops a stacking regression model framework for improving predictive performance with the consideration of Explainable AI (XAI) of house price estimation. This new model was subsequently compared to Regression-based prediction models and a Neural Network to assess model performance. The Stacking Regressor’s strong $r^{2}$ value of 0.901 and its noticeably lower MAE and RMSE highlight strong precision. XAI techniques, particularly SHAP values, were employed to enhance model interpretability, offering insights into individual feature contributions.

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Publication Details

Published
2024-10-11
DOI
https://doi.org/10.1109/urtc65039.2024.10937620
Citations
1
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
1.13
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article

An Explainable AI Framework with ML Model Stacking for House Price Prediction

Sanjay Ganapathy, Tingyu Li
1 citations
Housing Market and Economics
1.13
article

An Explainable AI Framework with ML Model Stacking for House Price Prediction

Sanjay Ganapathy, Tingyu Li
article en
1 citations

Abstract

The post-COVID-19 real estate market has presented challenges in finding affordable housing. Accurate house price prediction systems can aid in addressing this issue. This research develops a stacking regression model framework for improving predictive performance with the consideration of Explainable AI (XAI) of house price estimation. This new model was subsequently compared to Regression-based prediction models and a Neural Network to assess model performance. The Stacking Regressor’s strong $r^{2}$ value of 0.901 and its noticeably lower MAE and RMSE highlight strong precision. XAI techniques, particularly SHAP values, were employed to enhance model interpretability, offering insights into individual feature contributions.

Whitney Museum of American Art (US), Massachusetts Institute of Technology (US)
Openalex Percentile: Top 10%
Housing Market and Economics
1.13
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