https://github.com/bayunova28/used_car_price
This repository contains about my personal project about used car price prediction
https://github.com/bayunova28/used_car_price
Last synced: 7 months ago
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This repository contains about my personal project about used car price prediction
- Host: GitHub
- URL: https://github.com/bayunova28/used_car_price
- Owner: Bayunova28
- Created: 2022-07-16T16:15:35.000Z (over 3 years ago)
- Default Branch: master
- Last Pushed: 2022-07-17T14:00:45.000Z (over 3 years ago)
- Last Synced: 2025-02-17T20:42:19.611Z (8 months ago)
- Language: SAS
- Homepage:
- Size: 1.49 MB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# Used Car Price
## Problem Statement
A Chinese automobile company Geely Auto aspires to enter the US market by setting up their manufacturing unit there and producing cars locally to give competition to
their US and European counterparts. They have contracted an automobile consulting company to understand the factors on which the pricing of cars depends. Specifically,
they want to understand the factors affecting the pricing of cars in the American market, since those may be very different from the Chinese market. The company wants to
know :
* Which variables are significant in predicting the price of a car
* How well those variables describe the price of a car
* Based on various market surveys, the consulting firm has gathered a large dataset of different types of cars across the America market.
## Business Goal
We are required to model the price of cars with the available independent variables. It will be used by the management to understand how exactly the
prices vary with the independent variables. They can accordingly manipulate the design of the cars, the business strategy etc. to meet certain price levels. Further, the
model will be a good way for management to understand the pricing dynamics of a new market.
## Summary
