House Price Prediction using Machine Learning Algorithms
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Abstract
House prices are a major financial decision for everyone involved in the housing market, including potential home buyers. A major part of the real estate industry is housing. An accurate housing price prediction is a valuable tool for buyer and seller as well as real estate agents. The study is done for the purpose of knowledge among the people to understand and estimate the pricing of their houses. The prediction will be made using four machine learning algorithms such as linear regression, polynomial regression, random forest, decision tree. Linear Regression has good interpretability. Decision tree is a graphical representation of all possible solutions. Polynomial regression can be easily fitted to a wide variety of curves. Regression and classification issues are resolved with random forests .Among the given algorithm, Random forest provides better accuracy of about 89% for given dataset.
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References
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