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second-hand-car-price-predictions's Introduction

Second-Hand-Car-Price-Predictions

-Exploratory Data Analysis

-Treating missing values

-Linear Regression and Random forest Regressor model for the price prediction


There is a huge demand of used cars in the Indian Market today. As sale of new car have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now. Consider this: In 2018-19, while new car sales were recorded at 3.6 million units, around4 million second-hand cars were bought and sold. There is a slowdown in new car sales and that could mean that the demand is shifting towards the pre-owned market. In fact, some car sellers replace their old cars with pre-owned cars instead of buying new ones.

The goal here is to predict the Price of an Old car based on the variables provided in the data set.

The following are a few interesting visualisations:

Makers of the Second hand cars priced from high to low:

boxplots of Makers

Second hand Cars with auto transmission were sold the most:

image

Go through the repository to get a complete hint of how i predicted the Second hand car prices and drew interesting insights from it!

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