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    MLP Project My Part VP

    Uploaded by

    Tangirala Ashwini
    1) The document discusses using a machine learning model to predict house prices in Melbourne based on variables like number of rooms, bathrooms, land size, and location. 2) It outlines the problem identification, approach, and hypothesis. The approach includes cleaning the data, exploring relationships between variables, and building a linear regression model. 3) The model was built using Scikit-learn with price as the target variable and other features as inputs. Evaluation shows the regression value is 0.348 and p-value is around 0.03, indicating the model can predict prices correctly.

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    MLP Project My Part VP

    Uploaded by

    Tangirala Ashwini
    41 views3 pages
    1) The document discusses using a machine learning model to predict house prices in Melbourne based on variables like number of rooms, bathrooms, land size, and location. 2) It outlines the problem identification, approach, and hypothesis. The approach includes cleaning the data, exploring relationships between variables, and building a linear regression model. 3) The model was built using Scikit-learn with price as the target variable and other features as inputs. Evaluation shows the regression value is 0.348 and p-value is around 0.03, indicating the model can predict prices correctly.

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    1) The document discusses using a machine learning model to predict house prices in Melbourne based on variables like number of rooms, bathrooms, land size, and location. 2) It outlines the problem identification, approach, and hypothesis. The approach includes cleaning the data, exploring relationships between variables, and building a linear regression model. 3) The model was built using Scikit-learn with price as the target variable and other features as inputs. Evaluation shows the regression value is 0.348 and p-value is around 0.03, indicating the model can predict prices correctly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    41 views3 pages

    MLP Project My Part VP

    Uploaded by

    Tangirala Ashwini
    1) The document discusses using a machine learning model to predict house prices in Melbourne based on variables like number of rooms, bathrooms, land size, and location. 2) It outlines the problem identification, approach, and hypothesis. The approach includes cleaning the data, exploring relationships between variables, and building a linear regression model. 3) The model was built using Scikit-learn with price as the target variable and other features as inputs. Evaluation shows the regression value is 0.348 and p-value is around 0.03, indicating the model can predict prices correctly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Problem Identification:

    Prediction house prices are expected to help people who plan to buy a house so they can
    know the price range in the future, then they can plan their finance well. In addition, house
    price predictions are also beneficial for property investors to know the trend of housing prices
    in a certain location.
    Problem Approach:
    Understand the problem: Here We'll look at each variable and do a philosophical analysis
    about their meaning and importance for this problem.
    Univariable study: Here We'll just focus on the dependent variable ('Price') and try to
    know a little bit more about it.
    Multivariate study: Here We'll try to understand how the dependent variable and
    independent variables relate.
    Basic cleaning: Here We'll clean the dataset and handle the missing data, outliers and
    categorical variables.
    Test assumptions. We'll check if our data meets the assumptions required by most
    multivariate techniques.
    This approach is used to build a model to predict price with at most accuracy based on
    training data and testing the data using multilinear regression and checking whether the
    built model can be used or any changes need to be made further.

    Problem Hypothesis:
    H0: The built-in Model will predict the price of house correctly in Melbourne.

    Model
    Sk-learn package was used to predict a continuous value: Linear Regression.
    First, we separate the dataset into the values and then we predict (Price) and the values to
    train the algorithm with all our features.
    Here the dependent variable is the price.
    Independent variables are 'Rooms','Bathroom','Car','Landsize','Lattitude','Longtitude'.
    These are the following outcomes of our analysis using leniar regression:
    Regression Value: 0.34886206652696394
    The P-vale is approx..03489 In regression analysis, p-values and coefficients work together to
    inform you whether correlations in your model are statistically significant and what those
    relationships are like. The coefficients show how each independent variable and the
    dependent variable are related mathematically. The coefficients' p-values show whether or
    not these associations are statistically significant.
    Scatter Plot

    A scatter plot is a form of graphic or mathematical diagram that displays values for two
    variables for a collection of data using Cartesian coordinates. We can interpret a scatterplot
    by looking for trends in the data as you go from left to right and from the above plot it is very
    much evident that the plot is in the uptrend happening.

    A distribution plot, also known as a Distplot, displays the variation in data distribution. The
    total distribution of continuous data variables is shown by the Seaborn Distplot. The Seaborn
    module, in conjunction with the Matplotlib module, is used to visualise the distplot with
    many modifications. The above Plot where X axis depicts the Price and Y-axis is density
    From the above dist plot The range varies from -2 to +2 where the maximum is reached when
    the population density is 1.2 and price is neither high nor low.

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