Used Car Price Prediction Using Machine Learning - Final Year Project with Source Code
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Machine Learning

Used Car Price Prediction Using Machine Learning

The Used Car Price Prediction Using Machine Learning system is a comprehensive machine learning solution that predicts used car prices using vehicle specifications including year, kilometers driven, fuel type, transmission, engine capacity, and power output. This project is ideal for B.Tech, MCA, CSE, and engineering students as their final year project. It uses advanced regression algorithms like Random Forest, Ridge, and Lasso Regression to achieve 91.5% R² accuracy.

The system leverages features including vehicle age, kilometers driven, engine capacity, power output, and derived features like km per year and power-to-weight ratio. It provides interactive visualizations, feature importance analysis, model comparison, and real-time price prediction to help buyers, sellers, and dealerships make data-driven pricing decisions.

Python 3.8+ Machine Learning Random Forest Ridge Regression Lasso Regression Scikit-learn Pandas NumPy Matplotlib Seaborn Flask HTML/CSS/JS
Key Features:
  • Regression-Based Price Prediction
  • Random Forest (91.5% R²)
  • Ridge Regression (86.2% R²)
  • Lasso Regression (85.5% R²)
  • Feature Importance Analysis
  • Real-time Price Prediction
  • Model Performance Comparison
  • Interactive Visualizations
  • 5-Fold Cross-Validation
  • Flask Web Application

Algorithms Used

🌲 Random Forest Regressor
Ensemble learning with 200 trees, captures non-linear relationships effectively
🎯 R²: 0.915
📊 Ridge Regression
L2 regularization, handles multicollinearity effectively
🎯 R²: 0.862
📉 Lasso Regression
L1 regularization, automatic feature selection
🎯 R²: 0.855
🔧 Feature Engineering
Vehicle age, km per year, power-to-weight ratio
📊 Features: 12+

Methodology & Workflow

1 Data Loading & Inspection
Car Details dataset with 7,000+ records
2 Data Preprocessing
Cleaning, encoding, feature extraction, scaling
3 Feature Engineering
Vehicle age, km per year, power-to-weight ratio
4 Model Training
Random Forest, Ridge, Lasso Regression
5 Model Evaluation
R², RMSE, MAE, 5-fold cross-validation
6 Web Deployment
Flask web app for real-time price prediction

Model Performance Comparison

Metric Random Forest Ridge Lasso Best
Test R² 0.915 0.862 0.855 Random Forest
Test RMSE $73,427 $95,682 $98,210 Random Forest
Test MAE $42,158 $61,567 $63,890 Random Forest
CV Mean (5-Fold) 0.908 0.851 0.842 Random Forest
CV Std Dev 0.003 0.003 0.003 All Stable

Project Package Includes:

Complete Source Code Documentation (50+ pages) Video Tutorial Dataset (7,000+ records) Flask Web App Model Files (Pickle) Visualizations 24/7 Expert Support
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Original Price
9,999
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Complete Source Code
Documentation & PPT
Video Tutorial
24/7 Expert Support

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