A Comparative Study For Predicting House Price Based on Machine Learning

Conference paper

Eze, E., Sujith, S., Eze, J. and Sharif, S. 2023. A Comparative Study For Predicting House Price Based on Machine Learning. ICDABI 2023: 4th International Conference on Data Analytics for Business and Industry. University of Bahrain, Kingdom of Bahrain 25 - 26 Oct 2024 IEEE. https://doi.org/10.1109/ICDABI60145.2023.10629399
AuthorsEze, E., Sujith, S., Eze, J. and Sharif, S.
TypeConference paper
Abstract

This study presents the development and comparison of four machine learning (ML) models, namely Linear Regression (LR), Decision Tree (DT), Random Forest (RF), and k-Nearest Neighbours (k-NN), for predicting house prices using the Boston Housing Dataset. The performance of these models was evaluated using metrics such as root mean square error (RMSE), and R-squared (R2), with the aim of identifying the model that best predicts housing prices. The dataset was thoroughly analyzed for features, correlations, multicollinearity, and overfitting. Results indicate that the RF model outperformed the other models in predicting house prices, due to its ability to handle non-linearity and complex interactions among variables and reduce the impact of outliers. The DT model also performed well but may have been more prone to overfitting. LR, on the other hand, may have been limited by its assumptions of linearity and independence among variables.

Keywordstime-series; prediction; machine learning; linear regression; decision tree; random forest; k-nearest neighbours (k- NN)
Year2023
ConferenceICDABI 2023: 4th International Conference on Data Analytics for Business and Industry
PublisherIEEE
Accepted author manuscript
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Anyone
Publication dates
Online15 Aug 2024
Publication process dates
Accepted30 Sep 2023
Deposited04 Jun 2024
Book titleProceedings for 2023 4th International Conference on Data Analytics for Business and Industry (ICDABI)
ISBN9798350369793
9798350369786
Digital Object Identifier (DOI)https://doi.org/10.1109/ICDABI60145.2023.10629399
Web address (URL) of conference proceedingshttps://ieeexplore.ieee.org/xpl/conhome/10629220/proceeding
Copyright holder© 2023, IEEE
Copyright informationPersonal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
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Alsibai, Mohammed Hayyan, Sharif, M., Yaakub, Salma and Hamran, Nurul Nadia Nor 2018. An Innovative EPW Design Using Add-on Features to Meet Malaysian Requirements. in: Proceedings of the 7th IEEE International Conference on Control Systems, Computing and Engineering (ICCSCE 2017) IEEE. pp. 180-185
An Effective TeleHealth Assistive System to Support Senior Citizen at Home or Care-Homes
Sharif, M., Alsallal, Muna and Herghelegiu, Lucian 2018. An Effective TeleHealth Assistive System to Support Senior Citizen at Home or Care-Homes. IEEE International Conference on Computing, Electronics & Communications Engineering 2018 (iCCECE '18). Southend, UK 16 - 17 Aug 2018 IEEE. pp. 113-117 https://doi.org/10.1109/iCCECOME.2018.8658877
Functional Connectivity Evaluation for Infant EEG Signals based on Artificial Neural Network
Sharif, M., Naeem, U., Islam, S. and Karami, A. 2018. Functional Connectivity Evaluation for Infant EEG Signals based on Artificial Neural Network. Arai, Kohei, Kapoor, Supriya and Bhatia, Rahul (ed.) Intelligent Systems Conference (IntelliSys) 2018. London, UK 06 - 07 Sep 2018 Springer, Cham. https://doi.org/10.1007/978-3-030-01057-7_34
The Application of a Semantic-Based Process Mining Framework on a Learning Process Domain
Okoye, Kingsley, Islam, S., Naeem, U., Sharif, M., Azam, Muhammad Awais and Karami, A. 2018. The Application of a Semantic-Based Process Mining Framework on a Learning Process Domain. Arai, Kohei, Kapoor, Supriya and Bhatia, Rahul (ed.) Intelligent Systems Conference (IntelliSys) 2018. London, UK 06 - 07 Sep 2018 Springer, Cham. https://doi.org/10.1007/978-3-030-01054-6_96
Taskification – Gamification of Tasks
Naeem, U., Islam, S., Sharif, M., Sudakov, Sergey and Azam, Awais 2017. Taskification – Gamification of Tasks. in: Proceedings of the 2017 ACM International Joint Conference on Pervasive and Ubiquitous Computing and Proceedings of the 2017 ACM International Symposium on Wearable Computers Association for Computing Machinery (ACM). pp. 631-634
SignalSense - Towards Quality Service
Islam, S., Sharif, M., Naeem, U. and Geehan, James 2017. SignalSense - Towards Quality Service. in: Proceedings of the 2017 ACM International Joint Conference on Pervasive and Ubiquitous Computing and Proceedings of the 2017 ACM International Symposium on Wearable Computers Association for Computing Machinery (ACM). pp. 627-630
CrimeSafe - Helping you stay safe
Islam, S., Naeem, U., Sharif, M. and Dovnarovic, Arnold 2017. CrimeSafe - Helping you stay safe. in: Proceedings of the 2017 ACM International Joint Conference on Pervasive and Ubiquitous Computing and Proceedings of the 2017 ACM International Symposium on Wearable Computers Association for Computing Machinery (ACM). pp. 642-645
The Future of Enterprise Security with Regards to Mobile Technology and Applications
Tagoe, F. T. and Sharif, M. 2017. The Future of Enterprise Security with Regards to Mobile Technology and Applications. in: Jahankhani, Hamid, Carlile, Alex, Emm, David, Hosseinian-Far, Amin, Brown, Guy, Sexton, Graham and Jamal, Arshad (ed.) Global Security, Safety and Sustainability - The Security Challenges of the Connected World. ICGS3 2017 Proceedings Springer International Publishing.
Actor-Network Theory as a Framework to Analyse Technology Acceptance Model’s External Variables: The Case of Autonomous Vehicles
Seuwou, Patrice, Banissi, Ebad, Ubakanma, George, Sharif, M. and Healey, Ann 2017. Actor-Network Theory as a Framework to Analyse Technology Acceptance Model’s External Variables: The Case of Autonomous Vehicles. in: Jahankhani, Hamid, Carlile, Alex, Emm, David, Hosseinian-Far, Amin, Brown, Guy, Sexton, Graham and Jamal, Arshad (ed.) Global Security, Safety and Sustainability - The Security Challenges of the Connected World. ICGS3 2017 Proceedings Springer International Publishing.
An efficient system for preprocessing confocal corneal images for subsequent analysis
Sharif, M., Qahwaji, Rami, Hayajneh, Sofyan, Ipson, Stanley, Alzubaidi, Rania and Brahma, Arun 2014. An efficient system for preprocessing confocal corneal images for subsequent analysis. in: 2014 14th UK Workshop on Computational Intelligence (UKCI) IEEE.
Artificial Neural Network-Based System for PET Volume Segmentation
Sharif, M., Abbod, Maysam, Amira, Abbes and Zaidi, Habib 2010. Artificial Neural Network-Based System for PET Volume Segmentation. International Journal of Biomedical Imaging. 2010 (105610). https://doi.org/10.1155/2010/105610
Artificial Neural Network-Statistical Approach for PET Volume Analysis and Classification
Sharif, M., Abbod, Maysam, Amira, Abbes and Zaidi, Habib 2012. Artificial Neural Network-Statistical Approach for PET Volume Analysis and Classification. Advances in Fuzzy Systems. 2012 (327861). https://doi.org/10.1155/2012/327861
Machine Learning Optimisation for Realistic 2D and 3D PET-CT Phantom Study
Sharif, M., Abbod, Maysam, Sonoda, Luke I. and Sanghera, Bal 2013. Machine Learning Optimisation for Realistic 2D and 3D PET-CT Phantom Study. British Journal of Applied Science & Technology. 4 (4), pp. 634-649. https://doi.org/10.9734/bjast/2014/5084
Preparation of 2D sequences of corneal images for 3D model building
Elbita, Abdulhakim, Qahwaji, Rami, Ipson, Stanley, Sharif, M. and Ghanchi, Faruque 2015. Preparation of 2D sequences of corneal images for 3D model building. Computer Methods and Programs in Biomedicine. 114 (2), pp. 194-205. https://doi.org/10.1016/j.cmpb.2014.01.009
Medical image classification based on artificial intelligence approaches: A practical study on normal and abnormal confocal corneal images
Sharif, M., Qahwaji, R., Ipson, S. and Brahma, A. 2015. Medical image classification based on artificial intelligence approaches: A practical study on normal and abnormal confocal corneal images. Applied Soft Computing. 36 (Nov.), pp. 269-282. https://doi.org/10.1016/j.asoc.2015.07.019
An efficient intelligent analysis system for confocal corneal endothelium images
Sharif, M., Qahwaji, R., Shahamatnia, E., Alzubaidi, R., Ipson, S. and Brahma, A. 2015. An efficient intelligent analysis system for confocal corneal endothelium images. Computer Methods and Programs in Biomedicine. 122 (3), pp. 421-436. https://doi.org/10.1016/j.cmpb.2015.09.003
In Vivo Confocal Microscopic Corneal Images in health and disease with an emphasis on extracting features and visual signatures for corneal diseases: A review study
Alzubaidi, Rania, Sharif, M., Qahwaji, Rami, Ipson, Stanley and Brahma, Arun 2015. In Vivo Confocal Microscopic Corneal Images in health and disease with an emphasis on extracting features and visual signatures for corneal diseases: A review study. British Journal of Ophthalmology. 100 (1), pp. 41-55. https://doi.org/10.1136/bjophthalmol-2015-306934
A Mutlimodal Approach to Measure the Levels Distraction of Pedestrians using Mobile Sensing
Pizzamiglio, S., Naeem, U., ur Réhman, Shafiq, Sharif, M., Abdalla, H. and Turner, D. 2017. A Mutlimodal Approach to Measure the Levels Distraction of Pedestrians using Mobile Sensing. Procedia Computer Science. 113, pp. 89-96. https://doi.org/10.1016/j.procs.2017.08.297