This Guided Project mainly focuses on applying a machine-learning algorithm to predict the resale price of the car.
With difficult economic conditions, it is likely that sales of second-hand imported (reconditioned) cars and used cars will increase. In many developed countries, it is common to lease a car rather than buying it outright. After the lease period is over, the buyer has the possibility to buy the car at its residual value, i.e. its expected resale value. Thus, it is of commercial interest to sellers/financers to be able to predict the salvage value (residual value) of cars with accuracy.
In order to predict the resale value of the car, we proposed an intelligent, flexible, and effective system that is based on using regression algorithms. Considering the main factors which would affect the resale value of a vehicle a regression model is to be built that would give the nearest resale value of the vehicle. We will be using various regression algorithms and algorithm with the best accuracy will be taken as a solution, then it will be integrated to the web-based application where the user is notified with the status of his product.
Mentor Rating 4.8 / 5 (6)
American University of Sharja, Sharja,UAE
It was a fruitful experience. A clear road map was provided to follow throughout the project along with an in-depth introduction of the packages required. The guided labs were extremely helpful and easy to follow.
GITAM University,Hyderabad, India
The Guided Projects were not only based on solving real world problems but were also really informative, the smartinternz platform has each and every step in detail and even though if we were stuck at any point the Mentors would help us to resolve all our queries. overall it was a great experience.
College of Engineering and Technology, Bhubaneswar, Odisha, India
I took Part of Aritificial Intelligence Guided Project from Smartinternz, it was a wonderful experience and highly motivating, It's a very innovative and smart platform for internships. It provides smarter ways of guiding and interacting with participants and educating through guided labs and projects. It really helped me in giving a boost to my career.