Enhancing House Price Prediction Accuracy and Precision: A Data Mining Approach with Python and Stacking Algorithm

Arjun, Ponnaganti and Bhargavi, C. H. and Divya, Komati and Dhanwanth, Batini and Padmaja, Pabbathi and Sineghamathi, G. (2024) Enhancing House Price Prediction Accuracy and Precision: A Data Mining Approach with Python and Stacking Algorithm. In: Contributions to Finance and Accounting ((CFA)). Springer Nature Link, pp. 195-205.

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Abstract

Real estate professionals rely on accurate home price predictions, yet conventional wisdom holds that these forecasts miss the mark when it comes to the complex dynamics of the housing market. In this research, we provide a thorough strategy to improve home price prediction using state-of-the-art machine learning and regression algorithms. With the goal of outperforming more traditional methods, our system incorporates a wide variety of factors—including size, location, amenities, and market trends—into the prediction model. In order to provide a solid foundation for analysis, we also explore numerical and graphical methods that are crucial for comprehending and accurately projecting home values. We enhance the model’s resilience using feature engineering, which efficiently deals with missing data, outliers, and categorical variables. In order to find the best model for predicting home prices, we investigate many regression techniques, such as linear, polynomial, ridge, and lasso regression. We also make use of machine learning methods like gradient boosting, decision trees, and random forests to accurately describe nonlinear interactions and linkages and to detect intricate patterns in the data. Our method guarantees the accuracy and generalizability of the prediction model via rigorous model assessment and validation approaches. This advances the area of home price prediction and helps real estate stakeholders make better decisions.

Item Type: Book Section
Subjects: Computer Science Engineering > Data Mining
Domains: Computer Science Engineering
Depositing User: Mr IR Admin
Date Deposited: 23 Aug 2025 09:05
Last Modified: 23 Aug 2025 09:05
URI: https://ir.vistas.ac.in/id/eprint/10392

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