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Batch 7 F

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11 views15 pages

Batch 7 F

Uploaded by

Sahil Shaik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

UNIVERSITY COLLEGE OF ENGINEERING MANTHANI


Centenary Colony, Pannur (Vill), Ramagiri (Mdl), Peddapalle, Telangana-505212, India

Department of Computer Science and Engineering

Flight Price Estimation Using


Machine Learning Algorithm

TEAM MEMBERS
Under the guidance of Racharla Limbadri (21VD1A0520)
Dr. P. Tirupathi Shakkarikonda Sravika (22VD5A0510)
(Assistant Professor) Zoyna Nishath (21VD1A0564)
Shaik Sahil (21VD1A0540)
Contents
▪ Abstract
▪ Introduction
▪ Problem Statement
▪ Existing system
▪ Limitations of Existing system
▪ Proposed system
▪ Advantages
▪ Software Requirements Specification
▪ Conclusion
ABSTRACT

▪ The "Flight price estimation using machine learning algorithm" aims to develop
a robust machine learning system capable of accurately predicting flight fares
based on various factors such as travel preferences, historical flight data, and
market trends.
▪ In today's dynamic aviation industry, where ticket prices fluctuate rapidly,
having a reliable fare prediction model can significantly benefit both travelers
and industry stakeholders
INTRODUCTION

▪ The aviation industry, characterized by it’s dynamic and unpredictable nature.


▪ Customer seeking cost-effective and efficient means of transportation.
▪ The integration of machine learning algorithms empowers the system to adapt
to changing market dynamics providing real time and accurate predictions for
a diverse range of flight routes.
PROBLEM STATEMENT
▪ Creating a system that aim to develop a machine learning-based flight price
prediction system that provides accurate price estimates and helps users make
informed booking decisions.
▪ The system will incorporate key data points, including historical pricing
trends, demand fluctuations, and seasonal factors, to forecast future prices.
▪ The goal is to create a robust and privacy-friendly solution without
compromising the user experience, making flight price predictions accessible
and reliable for all users.
EXISTING SYSTEM

▪ Manual Price Monitoring


▪ Basic Alert Systems
▪ Personalized Recommendations
▪ Rule based Systems
LIMITATIONS OF EXISTING SYSTEM

▪ Reliance on Physical Inquiry or Manual Research


▪ Limited Accuracy
▪ Limited Accessibility
▪ Privacy Concern
▪ Security Concern
PROPOSED SYSTEM

▪ The predictive system using machine learning will eliminate the need for
physical inquiries by providing real-time, accurate, and personalized flight
price predictions.
▪ Travelers can rely solely on the system for reliable insights, saving both time
and effort while offering more convenience and confidence in booking
decisions

Contd..
PROPOSED SYSTEM

▪ This project includes:


• Data Collection and Preprocessing:
• Feature Engineering:
• Model Selection and Training:
• Real-Time Price Prediction:
• Visualization and User Interface:

Contd..
ADVANTAGES OF PROPOSED SYSTEM
▪ This system has advantages such as
• Better Accuracy
• Data-Driven Decision Making
• Cost-effective
• User-Friendly Interface
• Eliminates Manual Monitoring
SOFTWARE REQUIREMENTS SPECIFICATION
SOFTWARE REQUIREMENTS
▪ Python version 2.7 or more
▪ Modules: • Pandas
• Scikit-learn
• Feature-engine
• Flask
• Gunicorn
• Matplotlib
SOFTWARE REQUIREMENTS SPECIFICATION
SOFTWARE REQUIREMENTS

▪ Tools: • Google Colab


• Visual Studio code
• Microsoft Excel
SOFTWARE REQUIREMENTS SPECIFICATION
HARDWARE REQUIREMENTS
▪ Desktop/Laptop(for implementation)
▪ Processor: intel i5 or AMD ryzen 5
▪ Minimum 4 GB of RAM
▪ Storage unit
▪ Graphic card(Optional)
CONCLUSION
• ML models can be used to predict prices based on the earlier data more
correctly.
• By leveraging historical data and market trends, we want to provide real time
personalized flight price predictions that eliminate the need for manual price
predictions that eliminate the need for manual price monitoring .
• This system try to enhance convenience, improves accuracy, and drives cost-
effective choices benefiting travelers.

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