ANALYSIS OF MULTIPLE REGRESSION ALGORITHMS TO PREDICT THE VEHICLE RESALE VALUE
DOI:
https://doi.org/10.34218/IJCET_16_02_031Keywords:
Vehicle Resale Value Prediction, Machine Learning, R2 Metric, Analysis, Regression AlgorithmAbstract
The prediction of vehicle resale value is an important task for both customer and retailer in the automotive industry. In the recent years people’s willingness towards used car has increased. In this study several machine learning algorithms were used to anticipate the resale value of vehicles based on their age, mileage, make, model, and other relevant features. This study highlights the potential for machine learning to provide accurate and reliable predictions of vehicle resale price, with important outcomes in the automotive industry. After 2021, over 90 million passenger automobiles were produced, marking a significant increase in auto production. This growth has led to a flourishing used car market, which has become a highly lucrative sector. the most critical and fascinating areas of research within this market is automobile price prediction.
References
Vaneesha K, Srinivas, Abhishek, Sujay Srinivas Comparative Analysis of Machine Learning Algorithms for Used Car Price Prediction (IJCSRR 2024), DOI: 10.47191/ijcsrr/V7-i9-39, Impact Factor: 7.943.
Saravana Kumar, Shahana Fathima, Srihari, Sriram P, Abinaya VEHICLE RESALE VALUE PREDICTION USING RANDOM FOREST REGRESSION ALGORITHM (JETIR 2023).
Bharambe, Prof Pallavi, et al. Used car price prediction using different machine learning algorithms. Int. J. Res. Appl. Sci. Eng. Technol 10 (2022): 773778.
Ashutosh Datt Sharma, Vibhor Sharma, Sahil Mittal, Gautam Jain, Sudha Narang. Predictive Analysis of Used Car Prices Using Machine Learning (IJARIIT 2021) Volume:03/Issue:06/June-2021 Impact Factor- 5.354.
Praful Rane, Deep Pandya, Dhawal Kotak, USED CAR PRICE PREDICTION ((IRJET Journal 2021).
K.Samruddhi and Dr. R.Ashok Kumar Used Car Price Prediction using K-Nearest Neighbor Based Model (IJIRASE 2020).
R. Murugesh and S. Siva Sathya. "A Neural Network Approach to Vehicle Resale Value Prediction” in the Journal of Applied Research on Industrial Engineering 2018.
P. V. Datar and S. A. Wagh "Predicting Resale Value of Used Cars using Machine Learning Techniques" in the International Journal of Computer Science and Information Security, 2017.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Shubham Singh, Durgesh Sharma, Sanidhya, Anant Sharma, Nitin Goyal (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
