Build Regression Models in Python for House Price Prediction

Build a model to predict house prices using Linear Regression. Understand data cleaning, feature selection, and model evaluation for accurate price forecasts.

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Project Outcomes

  • Built a Linear Regression model to predict house prices based on key features like area and bedrooms.

  • Utilized Recursive Feature Elimination (RFE) to select the most important features for accurate predictions.

  • Scaled numerical features using MinMaxScaler for consistent input data.

  • Achieved a high R-squared score, indicating strong model performance.

  • Detected and handled outliers in the data to improve prediction accuracy.

  • Conducted thorough residual analysis to evaluate and refine the model's performance.

  • Helps real estate professionals assess property values based on key features, aiding buyers, sellers, and investors.

  • Assists investors in making data-driven decisions about potential investments by predicting future house prices.

  • Real estate developers and agents can use predictions to price properties more effectively, ensuring competitive offers.

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