/CAR_PRICE_Prediction

Predicting price of the cars using small dataset.

Primary LanguageJupyter Notebook

Problem Statement

Dataset - https://www.kaggle.com/datasets/hellbuoy/car-price-prediction

A Chinese automobile company Geely Auto aspires to enter the US market by setting up their manufacturing unit there and producing cars locally to give competition to their US and European counterparts.

They have contracted an automobile consulting company to understand the factors on which the pricing of cars depends. Specifically, they want to understand the factors affecting the pricing of cars in the American market, since those may be very different from the Chinese market. The company wants to know:

Which variables are significant in predicting the price of a car How well those variables describe the price of a car Based on various market surveys, the consulting firm has gathered a large data set of different types of cars across the America market.

DATA DICTONARY

1 Car_ID Unique id of each observation (Interger) 2 Symboling Its assigned insurance risk rating, A value of +3 indicates that the auto is risky, -3 that it is probably pretty safe.(Categorical) 3 carCompany Name of car company (Categorical) 4 fueltype Car fuel type i.e gas or diesel (Categorical) 5 aspiration Aspiration used in a car (Categorical) 6 doornumber Number of doors in a car (Categorical) 7 carbody body of car (Categorical) 8 drivewheel type of drive wheel (Categorical) 9 enginelocation Location of car engine (Categorical) 10 wheelbase Weelbase of car (Numeric) 11 carlength Length of car (Numeric) 12 carwidth Width of car (Numeric) 13 carheight height of car (Numeric) 14 curbweight The weight of a car without occupants or baggage. (Numeric) 15 enginetype Type of engine. (Categorical) 16 cylindernumber cylinder placed in the car (Categorical) 17 enginesize Size of car (Numeric) 18 fuelsystem Fuel system of car (Categorical) 19 boreratio Boreratio of car (Numeric) 20 stroke Stroke or volume inside the engine (Numeric) 21 compressionratio compression ratio of car (Numeric) 22 horsepower Horsepower (Numeric) 23 peakrpm car peak rpm (Numeric) 24 citympg Mileage in city (Numeric) 25 highwaympg Mileage on highway (Numeric) 26 price(Dependent variable) Price of car (Numeric)

					**Source: https://archive.ics.uci.edu/ml/datasets/Automobile

image