House Price Prediction through Machine Learning Technique

Authors

  • Chandra Prakash Patidar Department of Information Technology IET DAVV, Indore, MP, India

DOI:

https://doi.org/10.26438/ijcse/v10i1.4548

Keywords:

House price prediction, Linear regression, Inferential statistic, Machine learning, Ridge regression

Abstract

This model for price estimation of houses helps in finding the deviation in price for houses. Prices of house are strongly related with various parameter such as crime rate, location, employment rate and market reach. For estimating we required to collect many other information related to real state for estimating the prices. Over the year there are lot of paper published about the use of traditional machine learning to estimate house price, but they rarely concern about the performance of individual model, but most of them are not focused on performance of each model and ignores the less popular yet complex models. So as a result, this research paper focuses on all the traditional and latest machine learning algorithms along with considering various required parameter to estimate house prices in more effective way. This research paper will provide sufficient study and references for various models to prove their efficiency in estimating house prices based on statistical operations and provide an optimistic method to achieve price estimating model.

References

[1] House Price Index. Federal Housing Finance Agency. https://www.fhfa.gov/, accessed September 1, 2019.

[2] Fan C, Cui Z, Zhong X. House Prices Prediction with Machine Learning Algorithms. Proceedings of the 2018 10th International Conference on Machine Learning and Computing - ICMLC 2018. doi:10.1145/3195106.3195133.

[3] Phan TD. Housing Price Prediction Using Machine Learning Algorithms: The Case of Melbourne City, Australia. 2018 International Conference on Machine Learning and Data Engineering (ICMLDE) 2018. doi:10.1109/icmlde.2018.00017.

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[6] House Price Index. Federal Housing Finance Agency. https://www.fhfa.gov/, accessed September 1, 2019.

[7] Fan C, Cui Z, Zhong X. House Prices Prediction with Machine Learning Algorithms. Proceedings of the 2018 10th International Conference on Machine Learning and Computing - ICMLC 2018. doi:10.1145/3195106.3195133.

[8] House Price Index. Federal Housing Finance Agency. https://www.fhfa.gov/, accessed September 1, 2019.

[9] Fan C, Cui Z, Zhong X. House Prices Prediction with Machine Learning Algorithms. Proceedings of the 2018 10th International Conference on Machine Learning and Computing - ICMLC 2018. doi:10.1145/3195106.3195133.

[10] Rhan GJ. Housing Price Prediction Through Machine Learning Algorithms: The Case of Moskov City, Russia. 2019 International Conference on Machine Learning and Data Engineering (ICNLDE) 2019. dai:19.1209/icnlde.2019.00026.

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Published

2022-01-31
CITATION
DOI: 10.26438/ijcse/v10i1.4548
Published: 2022-01-31

How to Cite

[1]
C. P. Patidar, “House Price Prediction through Machine Learning Technique”, Int. J. Comp. Sci. Eng., vol. 10, no. 1, pp. 45–48, Jan. 2022.

Issue

Section

Research Article