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Predicting Car Prices

Full Project: Predicting Car Prices

Buying a new car can be tricky. Often times, we are unsure if the price that we are paying for the car is reasonable. Add to this the sheer number of cars on the market, consisting of many different sizes and features, and it can be downright impossible to know if the price your dealer is offering is reasonable.

To help reduce the uncertainty of this decision, we can look toward data science. If we have a list of cars and their attributes, along with price, we can use that list to train a machine learning algorithm to predict the price of a car.

Goal

My goal in this project is to build a model that can predict the price of a car, given its list of attributes.

Method

To achieve this goal, I will train a multivariate k-Nearest Neighbors model on a dataset of cars sourced from the Machine Learning Repository of the Center for Machine Learning and Intelligent Systems at the University of California-Irvine.