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Hackathon Presentation

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27 views11 pages

Hackathon Presentation

jjjjj

Uploaded by

khurramfatima201
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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ReSIDUAl VALUE

PREDICTION FOR
LEASED VEHICLES
PROBLEM
STATEMENT:
Build a predictive AI model that estimates the residual
value of leased vehicles at the end of their lease term.
The model should consider factors like mileage, vehicle
condition, market trends, and historical data to provide
accurate predictions.

EXPECTED
SOLUTION:
A tool for leasing companies to accurately predict
residual values, improving lease terms and reducing
losses at the end of lease cycles.
TEAM VIBRANT
Fatima Khurram Muntaha liaqat Muhammad Farooq
Email: Email: Email:
[email protected] [email protected] [email protected]
m m m
University: National College
University: National College University: National College
of Business Administration of Business Administration of Business Administration
and Economics and Economics and Economics
VISION OF THIS
SOFTWARE:
"To empower leasing companies with a cutting-edge, AI-driven predictive tool
that accurately estimates the residual value of vehicles, enabling smarter
decision-making, minimizing financial risk, and driving operational efficiency.
Our software aims to revolutionize the leasing industry by integrating
advanced machine learning algorithms with real-world market trends,
vehicle conditions, and historical data, providing an intuitive and scalable
solution that adapts to evolving market needs and customer expectations."

• AI-driven tool to accurately predict vehicle residual values.


• Minimize financial risks and optimize lease terms.
• Integrate market trends, vehicle conditions, and historical data.
• Revolutionize the leasing industry with smarter decision-making.
• Enhance operational efficiency for leasing companies.
SOLUTION APPROACH :
1 2 3 4
Data Collection & Preprocessing Model Development Prediction & Evaluation Deployment & User Interface

The first step involves collecting In this stage, machine learning The developed models are Once the model is optimized,
data from various sources, algorithms are applied to the then tested using real-world it is deployed as a cloud-based
including vehicle-specific data preprocessed data. Linear data. Evaluation metrics like solution. A user-friendly
(such as mileage, age, and Regression is used to capture Mean Absolute Error (MAE) interface is created, allowing
condition), market trends (like basic relationships between and R-squared are used to leasing companies to input
depreciation rates and resale factors like mileage and residual assess the performance and relevant vehicle data (e.g.,
values), and historical lease data. value. More advanced models, accuracy of the predictions. mileage, condition) and
Once the data is gathered, it such as Random Forest and Neural Continuous refinement is done receive instant residual value
undergoes preprocessing, where it Networks, are implemented to through techniques such as predictions. This interface is
is cleaned, normalized, and capture complex patterns and cross-validation to ensure the designed to be intuitive and
structured to ensure accuracy and interactions between variables. model generalizes well across accessible, offering real-time
consistency in the prediction The goal is to develop a robust various scenarios and data insights and actionable
model. model that predicts the residual points. predictions for improving lease
value with high accuracy. terms and risk management.
OBJECTIVES
OBJECTIVE GOAL KEY PERFORMANCE
INDICATOR
Develop a predictive model To provide a tool for leasing
companies to improve lease Reduce prediction error rate
to estimate the residual
terms, avoid overestimations, and enhance forecast
value of vehicles more
and minimize end-of-lease accuracy.
accurately. financial losses.
PROJECT SCOPE
• ANALYSIS OF KEY VEHICLE AND
MARKET DATA AFFECTING
RESIDUAL VALUE.

• APPLICATION OF MACHINE
LEARNING ALGORITHMS FOR
PREDICTION.

• DEVELOPMENT OF A USER-
FRIENDLY INTERFACE FOR
LEASING COMPANIES.
TECHNICAL
ARCHITECTURE
DATA PIPELINE:

Data
Feature Prediction
collection extraction output.

Data Model
cleaning training
TECHNICAL
ARCHITECTURE
MODEL WORKFLOW:
• Data Preprocessing (Handling missing values,
normalization).
• Training with regression models and machine
learning algorithms.
• Testing and validation of model accuracy.
TECH STACK USED :
REA NOD DJAN
CT E.JS GO

TENSORF PAN MONG


LOW DAS ODB
NUM
PY
THANK
YOU

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