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House Price Prediction

The document discusses a project on predicting house prices using machine learning, specifically through supervised learning with the Boston housing dataset. It emphasizes the importance of accurate predictions for stakeholders in real estate and outlines the project's stages, dataset features, and potential applications. Future work includes improving the model and expanding the dataset for better predictions.

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Mohan Barhate
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30 views9 pages

House Price Prediction

The document discusses a project on predicting house prices using machine learning, specifically through supervised learning with the Boston housing dataset. It emphasizes the importance of accurate predictions for stakeholders in real estate and outlines the project's stages, dataset features, and potential applications. Future work includes improving the model and expanding the dataset for better predictions.

Uploaded by

Mohan Barhate
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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House price

prediction
Presented by : Rushikesh Sonwane
Mohan barhate
Rohit patil
Introduction

Problem Statement: Why is predicting house prices important?


(e.g., real estate investments, market analysis, etc.)
 Objective: Predict house prices based on features such as location,
size, and other factors.
Project Context

 In machine learning we write computer programs which automatically


improve with experience which are termed as machine learning
models. It saves us from explicitly writing code for complex real world
data. In this project we are going to use supervised learning, which is
a branch of machine learning where we teach our model by
examples. Here we will first explore different attributes of Boston
housing dataset then a part of dataset will be used to train the linear
regression algorithm after that we will use the trained model to give
predictions on remaining part of dataset.
Project stages

The project consists of the following stages:


Why Predict House Prices ?

Predicting house prices is important for various stakeholders: buyers,


sellers, real estate agents, and even governments. It helps in making
informed decisions about investments, setting selling prices, or
estimating property taxes.
 Accurate prediction models help minimize risk in buying or selling real
estate.
Dataset Details

The dataset used in house price prediction typically contains features


(independent variables) like:

Location: City, neighborhood, proximity to amenities (schools,


hospitals).
Property size: Square footage, number of rooms (bedrooms,
bathrooms).
Age of the house: Year built, renovations.
 Other factors: Type of construction, parking space, presence of a
swimming pool or garden.
Conclusion

Final Thoughts: What does your model show? How accurate were the
predictions?

Applications: Discuss real-world applications (e.g., predicting prices in


a new area).
 Limitations: Acknowledge any limitations like a small dataset or
limited features.
Future Work

 Model Improvement: Mention how you could improve (e.g., using


more advanced models or adding more features).
 Plus we would like to expand data base and cover more areas to
provide more details

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