HOUSE PRICE PREDICTION

GROUP MEMBERS
P.PHANEESH (20KN1A4243)
N.SAI SREEDHAR (20KN1A4241)
N.PAVANI (20KN1A4240)
M.VIJAYA ADITYA (20KN1A4236)
 OUTLINE
 Introduction
 Machine learning
 Different Machine learning algorithm s
 Dataset
 Feature engineering
 Model training
 Model evaluation
 Model deployment
 Applications
 Conclusion
 INTRODUCTION

 House price prediction is the use of statistical models to forecast the future price of a house. It is a
complex task, as house prices are influenced by a variety of factors, including:

 Location

 Size

 Age

 Condition

 Number of bedrooms and bathrooms

 Proximity to schools, parks, and other amenities

 Local economic conditions

 MACHINE LEARNING

 Machine learning is a type of artificial intelligence (AI)

that allows computers to learn without being explicitly
programmed. It can be used to build house price
prediction models by analyzing large datasets of
historical house prices and other relevant factors.
 DIFFERENT MACHINE LEARNING
ALGORITHMS FOR HOUSE PRICE
PREDICTION

 There are a variety of machine learning algorithms that can be used for
house price prediction. Some of the most popular algorithms include:
 Linear regression
 Random forests
 Gradient boosted trees
 Support vector machines
 Neural networks
 LINEAR REGRESSION

 Linear regression is a simple but powerful machine

learning algorithm that can be used for house price
prediction. It works by fitting a linear line to the data,
which can then be used to predict future prices.
 RANDOM FOREST

 Random forests are an ensemble machine learning

algorithm that combines the predictions of multiple
decision trees to make a more accurate prediction.
Random forests are particularly well-suited for house
price prediction, as they are able to handle complex data
with many features.
 GRADIENT BOOSTED TREES

 Gradient boosted trees are another ensemble machine

learning algorithm that combines the predictions of
multiple decision trees. Gradient boosted trees are often
more accurate than random forests, but they can be
more computationally expensive to train.
S U P P O RT V E C T O R M A C H I N E S

 Support vector machines are a type of machine learning

algorithm that can be used for classification and
regression tasks. Support vector machines are
particularly well-suited for house price prediction, as
they are able to handle complex data with many
features.
 D ATA S E T

 To train a machine learning model for house price

prediction, we need a dataset of historical house prices
and other relevant factors. This data can be obtained
from a variety of sources, such as real estate websites,
government agencies, and public records.
 F E AT U R E E N G I N E E R I N G

 Once we have a dataset, we need to perform feature

engineering. This involves transforming the data into a
format that is suitable for the machine learning
algorithm. For example, we may need to convert
categorical data into numerical data, or normalize the
data.
 MODEL TRAINING

 Once the data is prepared, we can train the machine

learning model. This involves feeding the data to the
algorithm and allowing it to learn the relationships
between the different factors.
 M O D E L E VA L U AT I O N

 Once the model is trained, we need to evaluate its

performance on a held-out test set. This will give us an
idea of how well the model will generalize to new data.
 MODEL DEPLOYMENT

 Once the model is evaluated and deemed to be

satisfactory, it can be deployed. This means making it
available to users so that they can use it to predict house
prices.
 A P P L I C AT I O N S

 House price prediction models can be used for a variety of purposes, including:

 Helping homebuyers estimate the value of a home before they buy it

 Helping homeowners estimate the value of their home before they sell it

 Helping real estate investors identify undervalued properties

 Helping banks and other financial institutions assess the risk of lending money
on a property
 CONCLUSION

 House price prediction is a complex task, but it can be

made more accurate using machine learning. Machine
learning models can be used to analyze large datasets of
historical house prices and other relevant factors to predict
future prices. These models can be used for a variety of
purposes, including helping homebuyers, homeowners, real
estate investors, and financial institutions.
THANK Q