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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
tree-based 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 cross-validation methods (e.g., k-fold cross-validation) 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 R-squared.
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.
Real-time 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 step-by-step 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 decision-making in the used car
market and potential business opportunities.
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