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Regression Presentation

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Samer Iqbal
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18 views12 pages

Regression Presentation

Uploaded by

Samer Iqbal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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A Comprehensive Study of

Regression Models
Machine Learning Applications for Car Price
Prediction
Table of Contents
• 1. Introduction
• 2. Overview of Regression Models
• - Linear Regression
• - Ridge Regression
• - Lasso Regression
• - Polynomial Regression
• 3. Dataset Overview
• 4. Application of Models
• 5. Results and Insights
• 6. Conclusion and Future Directions
Introduction
• Regression models are foundational tools in machine learning,
enabling predictions of continuous outcomes and uncovering
relationships between variables. This presentation explores several
regression techniques and their application to car price prediction
using a real-world dataset.
Linear Regression
• Linear regression models the relationship between a dependent
variable and independent variables assuming linearity.
Ridge Regression
• Ridge regression adds L2 regularization to handle multicollinearity,
shrinking coefficients.
Lasso Regression
• Lasso regression adds L1 regularization for feature selection by
setting some coefficients to zero.
Polynomial Regression
• Polynomial regression captures non-linear relationships by
introducing polynomial terms.
Dataset Overview
• The dataset includes features like:
• - Kilometers Driven
• - Fuel Type
• - Transmission
• - Car Age
• - Car Condition

• The target variable is the Selling Price.


Results and Insights
• 1. Linear Regression: Poor performance due to non-linear
relationships.
• 2. Ridge Regression: Improved stability with regularization.
• 3. Lasso Regression: Feature selection but similar performance to
Linear Regression.
• 4. Polynomial Regression: Overfitted the dataset due to high-degree
terms.
Conclusion and Future Directions
• Conclusion:
• - Ridge Regression showed the best balance between bias and
variance.
• - Linear Regression struggled due to non-linear relationships.

• Future Directions:
• - Explore advanced models like SVR and Gradient Boosting.
• - Incorporate domain-specific features for improved predictions.
Insights and Discussion
• The application of regression models to the
car pricing dataset revealed several key
insights:
• - Linear Regression struggled with non-linear
relationships.
• - Ridge Regression handled multicollinearity
and was more stable.
• - Lasso Regression performed feature
selection but had similar performance to
Linear Regression.
Model Performance Comparison
• The bar graph below compares the Mean
Squared Error (MSE) and R² Scores of the
regression models:
• - Ridge Regression achieved the best
performance.
• - Polynomial Regression significantly overfit
the dataset.
• - Linear and Lasso Regression had similar
outcomes.

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