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Visualize distribution of car prices: Histograms, box plots, and density plots to understand price variability. Explore feature correlations: Heatmaps and scatter plots to identify relationships
Visualize distribution of car prices: Histograms, box plots, and density plots to understand price variability. Explore feature correlations: Heatmaps and scatter plots to identify relationships between features and target variable price Geographic insights: Utilize maps to visualize the spatial distribution of car listings and their prices. Feature Engineering and Selection: Transform features: Apply transformations such as scaling MinMaxScaler StandardScaler to ensure all features contribute equally to model training. Select relevant features: Use techniques like correlation analysis or feature importance from treebased models to identify impactful predictors. Model Selection and Training: Evaluate regression models: Experiment with various algorithms including Linear Regression, Random Forest, Gradient Boosting, and potentially neural networks. Hyperparameter tuning: Utilize techniques such as GridSearchCV or RandomizedSearchCV for optimizing model performance. Validation: Employ crossvalidation methods eg kfold crossvalidation to assess model generalization ability. Model Evaluation: Performance metrics: Assess models based on metrics like Root Mean Squared Error RMSE Mean Absolute Error MAE and Rsquared. Interpretation: Analyze residual plots and predicted vs actual plots to understand model strengths and weaknesses. GUI Development using Streamlit: Interface design: Create an intuitive UI allowing users to input car details make model, year, mileage, condition and obtain predicted prices. Interactive elements: Implement sliders, dropdowns, and text inputs for user interaction. Realtime predictions: Ensure seamless integration with the trained model to deliver instant price estimates based on user inputs. Visualizations: Display EDA insights and model predictions through charts and graphs within the GUI. Documentation: Project overview: Describe objectives, dataset sources, and methodologies used. Technical details: Provide stepbystep instructions for data preprocessing, model development, and GUI implementation. Results and analysis: Present findings from EDA, model performance evaluations, and insights gained. Future considerations: Discuss potential enhancements or extensions to improve model accuracy and usability. Presentation: Slide deck preparation: Summarize project goals, methodology, and key findings. Demonstration: Showcase the functionality of the Streamlit GUI, emphasizing its practical applications for users. Stakeholder engagement: Highlight the project's impact on decisionmaking in the used car market and potential business opportunities.
Visualize distribution of car prices: Histograms, box plots, and density plots to understand
price variability.
Explore feature correlations: Heatmaps and scatter plots to identify relationships between
features and target variable price
Geographic insights: Utilize maps to visualize the spatial distribution of car listings and
their prices.
Feature Engineering and Selection:
Transform features: Apply transformations such as scaling MinMaxScaler StandardScaler
to ensure all features contribute equally to model training.
Select relevant features: Use techniques like correlation analysis or feature importance from
treebased models to identify impactful predictors.
Model Selection and Training:
Evaluate regression models: Experiment with various algorithms including Linear
Regression, Random Forest, Gradient Boosting, and potentially neural networks.
Hyperparameter tuning: Utilize techniques such as GridSearchCV or RandomizedSearchCV
for optimizing model performance.
Validation: Employ crossvalidation methods eg kfold crossvalidation to assess model
generalization ability.
Model Evaluation:
Performance metrics: Assess models based on metrics like Root Mean Squared Error
RMSE Mean Absolute Error MAE and Rsquared.
Interpretation: Analyze residual plots and predicted vs actual plots to understand model
strengths and weaknesses.
GUI Development using Streamlit:
Interface design: Create an intuitive UI allowing users to input car details make model,
year, mileage, condition and obtain predicted prices.
Interactive elements: Implement sliders, dropdowns, and text inputs for user interaction.
Realtime predictions: Ensure seamless integration with the trained model to deliver instant
price estimates based on user inputs.
Visualizations: Display EDA insights and model predictions through charts and graphs
within the GUI.
Documentation:
Project overview: Describe objectives, dataset sources, and methodologies used.
Technical details: Provide stepbystep instructions for data preprocessing, model
development, and GUI implementation.
Results and analysis: Present findings from EDA, model performance evaluations, and
insights gained.
Future considerations: Discuss potential enhancements or extensions to improve model
accuracy and usability.
Presentation:
Slide deck preparation: Summarize project goals, methodology, and key findings.
Demonstration: Showcase the functionality of the Streamlit GUI, emphasizing its practical
applications for users.
Stakeholder engagement: Highlight the project's impact on decisionmaking in the used car
market and potential business opportunities.
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