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IRJET- Automobile Resale System using Machine Learning
1.
International Research Journal
of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 06 Issue: 04 | Apr 2019 www.irjet.net p-ISSN: 2395-0072 © 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 3122 Automobile Resale System Using Machine Learning Mehul Dholiya1, Sagar Tanna2, Akhil Balakrishnan3, Ratnesh Dubey4, Rajesh Singh5 1,2,3,4 Dept. Of Computer Engineering, Shree L.R. Tiwari College of Engineering Mira Road (East), Thane- 401107, Maharashtra, INDIA 5Assistant Professor, Dept. Of Computer Engineering, Shree L.R. Tiwari College of Engineering Mira Road (East), Thane- 401107, Maharashtra, INDIA ---------------------------------------------------------------------***--------------------------------------------------------------------- Abstract - Cars are being sold more than ever. Many researches have been done in recent years on predicting used car price with data mining. An accurate used car price evaluation works as a catalyst in the healthy development of used car market. Therefore, arises a need for a model that can assign a price for a vehicle by evaluating its features taking prices of other cars into consideration. Customers can be widely exploited by fixing unrealistic prices for the used cars and many fall into this trap. Therefore, raises an absolute necessity of a used car price prediction system to effectively determine the worthiness of the car depending on a variety of features. This price prediction model bridges this gap, giving the buyers and sellers an approximate value of the car using the multiple linear regression to predict the price. Key Words: Used Cars, Price Prediction, Data Mining, Features, Multiple Linear Regression. 1. INTRODUCTION With the increase of car ownership, used car market shows great potential. An accurate used car price evaluation is essential for the healthy development of used car market. The prices of new cars in the industry are fixed by the manufacturer with some additional costs incurred by the Government in the form of taxes. But due to the increased price of new cars and incapability of customers to buy new cars due to the lack of funds, used cars sales are on a global increase. Predicting the prices of used cars is therefore an interesting and much-needed problem that needs to be addressed. Given the description of used cars, prediction of used cars is not an easy task. It is trite knowledge that the value of used cars depends on various factors. The most important ones are usually the age of the car, its make (and model), the origin of the car (the original country of the manufacturer), its mileage (the number of kilometers it has run) and its horsepower. Due to rising fuel prices, fuel economy also has a prime importance. Some special factors which buyers attach importance is the local of previous owners, whether the car had been involved in serious accidents and whether it is a lady-driven car. The look and feel of the car contributes a lot to the price. As we can see, the price depends on various different factors. Unfortunately, information about all these factors is not always available and the buyer must make the decision to purchase at a certain price based on few factors only. So, we propose a methodology using Machine Learning to predict the prices of used cars given the features. The price is estimated based on the number of features. We then deploy a responsive website to display our results that consist of all the various listings of used cars. This deployed service is a result of our work, and it incorporates the data, ML model with the features. This methodology can aid in the decision making of the users who are looking to buy a used car. It also provides users with the freedom to search all the available cars at one place without moving, anywhere and at any time. 2. EXISTING SYSTEM Work on estimating the price of used cars is very recent but also very sparse. The conventional method involves going to a cars dealer, showing them the documents of the car and then an inspection of the car is performed in order to understand the state of the build and the engine of the vehicle. Only after such a long procedure and after waiting for around more or less than a week’s time or so, one can expect to get and idea the price range in which the car could be sold. In the digital world, there have been many different implementations that have been used to effectively predict the price of a vehicle using different algorithms right from the machine learning algorithms of multiple linear regression, k- nearest neighbor, naïve bayes to random forest and decision tree to the SAS enterprise miner. In [1], [2], [3], [5] and [7] all these implementations considered different sets of features in order to make their predictions from the historical data that was used to for training the model. Here, in addition to not just building a prediction model based on the features that impact the prices the most, we have tried to build a web application where a user will be able to go through listings of the cars that are available for sale, make a decision by checking if the listed prices are on the higher or the lower side and therefore, be able to help the user/customer in the decision making to buy or sell a car, thus giving out a better model replacing the existing ones.
2.
International Research Journal
of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 06 Issue: 04 | Apr 2019 www.irjet.net p-ISSN: 2395-0072 © 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 3123 3. PROPOSED SYSTEM The proposed system provides users with the freedom to search all the available cars at one place without moving, anywhere and at any time. This methodology can aid in the decision making of the users who are looking to buy a used car. This enables the people to search for a car without any skepticism of how to make sure if it is a verified seller, how to contact the seller and to get all the information about the age and build, etc of the car, demonstrating the usefulness, viability and flexibility of the system. It also aims to ease down the process of finding the right car as per the users’ needs and also shows the car is worth the price listed by the seller. The basic objective of this system is to let user have a fair idea of what the vehicle could cost them. The system could also provide the user with a list of choices of different types of cars based on the details of the car the user is looking for. It helps give the buyer/seller with the substantial information based on which they can take the decision. The rise of used cars sales is exponentially increasing and the car sellers can take advantage of this scenario by listing unrealistic prices owing to the demand. Therefore, there arises a need for a model that can assign a price for a vehicle by evaluating its features taking the prices of other cars into consideration. Our system bridges this gap, giving the buyers and sellers an approximate value of the car using the best algorithm that can be used to predict the price. 4. SYSTEM ANALYSIS 4.1 Front-end layout for the web application: Figure 1: Search page of the web application 4.2 System Overview Flowchart: Figure 2: Flowchart of proposed system 4.3 Proposed System Algorithm: 1. BROWSE THE WEB APPLICATION. 2. NEW USER REGISTRATION. 3. USER LOGIN A. IF USER = BUYER 1. Visit the ‘Search Cars’ page. 2. Enter Details of the car you are looking for. 3. Select the car you want to buy. 4. Verify the selling price of a car set by a seller with the ‘Machine Learning Model’ using a ‘Price Prediction’ feature. 5. Contact the car seller for further processing. B. IF USER = SELLER 1. Visit the ‘Sell Cars’ page. 2. Enter the details of your car you want to sell. 3. Make request for verification of details. I. IF REQUEST = ACCEPTED a. Machine Learning model will predict the right price for your car based on the details submitted. b. Set a perfect selling price for your car and make it visible to everyone. c. Manage your advertisements from your ‘Dashboard’. II. IF REQUEST = REJECTED
3.
International Research Journal
of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 06 Issue: 04 | Apr 2019 www.irjet.net p-ISSN: 2395-0072 © 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 3124 a. Submit correct details with the documents and try again. LOGOUT 5. IMPLEMENTATION OF SYSTEM: The main page consists of two topics in the navigation bar named ‘Search’ and ‘Predict’. The system lets the user be able to go through all the records and details of the cars. The main search page includes a table that can be used to look for a particular car based on the users’ interests. Based on the options selected by the user, the corresponding car records will be fetched from the database and the details of the car will be shown to the user. The user can now check the listed price of the car against the price predicted by the system and make a decision whether to consider buying the car or not. There is also a provision for buyers to post cars for sale. Figure 3: Predict price page of the web application The ‘Predict’ page consists of a table which asks the user to input the details of the features of the car that will be used in order to predict an approximate price range for the car. Based on the output of this model, the user will be able to understand what is the worth of their car and if they would like to sell it. This model has been trained using historical data that was gathered over a long period of time. Based on the KDD (Knowledge Discovery in Databases) process, the raw data was first collected. It was then preprocessed and was cleaned in order to find useful patterns useful in order to make some meaning out of those patterns. This data was then used to train the model using Multiple Linear Regression in Java as well as in Python. The current count of our training dataset is around 1700-1750 based on which the price is being predicted. Based on the details the user inputs, the underlying system predicts the price based on the values of the inputs passed to it. The following figure shows one such instance when the values were passed to the form in the ‘Predict’ page which is used the fetch the input values and then predict the price based on those values. Figure 4: Predicted price based on values of input 6. APPLICATIONS: The basic objective of this system is to let user have a fair idea of what the vehicle could cost them. The website could also provide the user with a list of choices of different types of cars based on the details of the car the user is looking for. It helps give the buyer/seller with the substantial information based on which they can take the decision. In addition, following are a few other applications: 1. On-road price: User can get an approximate on-road price of any model for any city, on one’s fingertips. 2. Compare cars- Decide on the go: User will not have to wait for long time! They will be able to easily choose their favorite cars against different models with our prediction tool on our website. 3. Sell cars- Post for resale: Seller will be able to post their car for sale once they are satisfied with the price. 4. Buy cars: Since the price of the car is predicted by the model using large amount of data, there are less chances of any unrealistic pricing. 5. Analytics: The user can understand the trends in the variation of the car prices with respect to age, usage of the car to better understand the how prices are influenced based on these factors. 7. FUTURE SCOPE: Given the current working and design of the proposed systems, there is definitely a place for future enhancements. As better and more reliable technology comes ahead of us, more features can be added by providing a better experience by adding provisions for electric cars when the technology will be used by the public in large numbers. In addition to this, various different
4.
International Research Journal
of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 06 Issue: 04 | Apr 2019 www.irjet.net p-ISSN: 2395-0072 © 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 3125 variations in cars such as the hybrid engines can be introduced. With future generations of the product, modules such as the comparison and payment gateways can be implemented into the system, leading towards development of a proper business model which can then be used by businesses along with refined and interactive analytics that can be used to understand the trends in the prices and different automobile types. Lastly, enhancements in the machine learning algorithms used can help increase the accuracy of the system and therefore can help towards the research and development of the topic. 8. CONCLUSION: With the increase of car ownership, used car market shows great potential. An accurate used car price evaluation is essential for the healthy development of used car market. The automobile resale system would prove useful in helping the potential car buyers to find the best car for their budget and at the same time give a predicted price for the car one intends to sell, thereby proving to be a very useful tool helping people facilitate finding the best deal for their budget which is a very popular and trending niche in the used cars market. The overall system being real-time and interactive with the user helps it to be an overall innovative proposed idea which can be easily implemented providing an overall satisfaction to the customer proving to become a successful business idea. REFERENCES [1] Comparative Analysis of Used Car Price Evaluation Models, Tongji University, Shanghai 200000, China. [2] Prediction of Prices for Used Car by Using Regression Models, 2018 5th International Conference on Business and Industrial Research , (ICBIR), Bangkok, Thailand [3] Prediction of Used Cars’ Prices by Using SAS EM, Oklahoma State University [4] Predicting the Price of Used Cars using Machine Learning Techniques, International Journal of Information & Computation Technology. [5] A methodology for predicting used cars prices using Random Forest, Future of Information and Communications Conference (FICC) 2018 [6] Durgesh K. Srivastava, Lekha Bhambhu, “Data Classification Method using Support Vector Machine”, 2009 [7] Kuiper, Shonda. "Introduction to Multiple Regression: How Much Is Your Car Worth?" Journal of Statistics Education 16.3 (2008). [8] WEKA 4: DATA MINING SOFTWARE IN JAVA 2014. [9] QUINLAN, J. R., 1993. C4.5: Programs for Machine Learning. Morgan Kaufmann.
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