Prediction of Boarding House Rental Prices Using Multiple Linear Regression Method

Given the significant influx of students to Surabaya, there is a high demand for affordable boarding house rental near universities. One of the issues that arises is figuring out the rent fee set by the landlord.. This study will focus on solving the problem using machine learning with Multiple Linear Regression (MLR) method. This study also focuses on developing a predictive model for temporary housing rental prices around the National Development University "Veteran" Java. Key variables include rental price, room type, room size, availability of air conditioning, WiFi, private bathrooms, kitchen access, 24-hour access, and distance to the university. The dataset was split into training and testing sets (80:20 ratio) for model development and evaluation. The MLR model achieved an R² value of 0.76, an RMSE of 211555.8, and a MAPE of 0.18, indicating high predictive accuracy.

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-08-31
DOI
https://doi.org/10.5281/zenodo.13688259
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
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article

Prediction of Boarding House Rental Prices Using Multiple Linear Regression Method

Zenodo (CERN European Organization for Nuclear Research)
Housing Market and Economics
article

Prediction of Boarding House Rental Prices Using Multiple Linear Regression Method

article en

Abstract

Given the significant influx of students to Surabaya, there is a high demand for affordable boarding house rental near universities. One of the issues that arises is figuring out the rent fee set by the landlord.. This study will focus on solving the problem using machine learning with Multiple Linear Regression (MLR) method. This study also focuses on developing a predictive model for temporary housing rental prices around the National Development University "Veteran" Java. Key variables include rental price, room type, room size, availability of air conditioning, WiFi, private bathrooms, kitchen access, 24-hour access, and distance to the university. The dataset was split into training and testing sets (80:20 ratio) for model development and evaluation. The MLR model achieved an R² value of 0.76, an RMSE of 211555.8, and a MAPE of 0.18, indicating high predictive accuracy.

Zenodo (CERN European Organization for Nuclear Research)
Sustainable cities and communities
Openalex Percentile: Top 58%
Housing Market and Economics
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