Car Price Prediction using Machine Learning

Car price prediction is an essential task in the automotive industry, benefiting manufacturers, dealers, and customers alike. The objective of this research is to predict the price of a car based on various parameters using Machine Learning (ML) techniques. In this study, we employ regression models such as Linear Regression, Decision Tree, and Random Forest to analyze and predict car prices. The dataset used contains multiple features, including brand, year, mileage, fuel type, and transmission type. The results indicate that the Random Forest model performs better than other models in terms of accuracy. The proposed model provides a reliable approach for estimating car prices, thereby aiding buyers and sellers in making informed decisions. Key Words: Car Price Prediction, Machine Learning, Regression Models, Random Forest, Linear Regression.

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Publication Details

Journal
INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Published
2025-04-07
DOI
https://doi.org/10.55041/ijsrem43902
Primary Topic
Energy, Environment, and Transportation Policies
Type
article
Field-Weighted Citation Impact
0.00
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article

Car Price Prediction using Machine Learning

Satyam Rai, Mohd. Musharraf
INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Energy, Environment, and Transportation Policies
article

Car Price Prediction using Machine Learning

Satyam Rai, Mohd. Musharraf
article en

Abstract

Car price prediction is an essential task in the automotive industry, benefiting manufacturers, dealers, and customers alike. The objective of this research is to predict the price of a car based on various parameters using Machine Learning (ML) techniques. In this study, we employ regression models such as Linear Regression, Decision Tree, and Random Forest to analyze and predict car prices. The dataset used contains multiple features, including brand, year, mileage, fuel type, and transmission type. The results indicate that the Random Forest model performs better than other models in terms of accuracy. The proposed model provides a reliable approach for estimating car prices, thereby aiding buyers and sellers in making informed decisions. Key Words: Car Price Prediction, Machine Learning, Regression Models, Random Forest, Linear Regression.

INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENTVol. 09(04)
Openalex Percentile: Top 96%
Energy, Environment, and Transportation Policies
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