Abstract
The technique of determining an or used new value of the car is known as car price prediction. The make, type, age, miles, quality, as well as characteristics of a car are just a few of the many elements that go into determining its worth. An investigation of consumer perceptions regarding the importance of cars is called a car sale forecast survey. In this review, we intend to study various machine learning techniques, including Random Forest, Linear Regression and Support Vector Machine. On automobile datasets, experiments can be performed to assess effectiveness using parameter estimates.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Samruddhi K, Ashok Kumar R (2020) Used car price prediction using K-nearest neighbor based model. Int J Innov Res Appl Sci Eng (IJIRASE) 4:629–632
Gegic E (2019) Car price prediction using machine learning techniques. TEM J 8:1131
Venkatasubbu P, Ganesh M (2019) Used cars price prediction using supervised learning techniques. Int J Eng Adv Technol (IJEAT) 9:1S3
Liu E (2022) Research on the prediction model of the used car price in view of the PSO-GRA-BP neural network. Sustainability 14(15):8993
Asghar M (2021) Used cars price prediction using machine learning with optimal features. Pak J Eng Technol 4(2):113–119
Gajera P, Gondaliya A, Kavathiya J (2021) Old car price prediction with machine learning. Int Res J Mod Eng Technol Sci 3:284–290
Chen C, Hao L, Xu C (2017) Comparative analysis of used car price evaluation models. AIP Conf Proc 1839(1). AIP Publishing LLC
Cui B (2022) Used car price prediction based on the iterative framework of XGBoost+ LightGBM. Electronics 11(18):2932
Voß S, Lessmann S (2017) Resale price prediction in the used car market. Int J Forecasting
Bharambe PP (2022) Used car price prediction using different machine learning algorithms. Int J Res Appl Sci Eng Technol 10:773–778
Murugesan M, Thilagamani S (2021) Bayesian feed forward neural network-based efficient anomaly detection from surveillance videos. Intell Autom Soft Comput 34(1):389–405
Wang F, Zhang X, Wang Q (2021) Prediction of used car price based on supervised learning algorithm. In: 2021 international conference on networking, communications and information technology (NetCIT). IEEE
Sumathi K, Pandiaraja P (2020) Dynamic alternate buffer switching and congestion control in wireless multimedia sensor networks. Peer-to-Peer Netw Appl 13:2001–2010
Rajesh M (2021) Price prediction for pre-owned cars using ensemble machine learning techniques. Recent Trends Intensive Comput 39:178
Karthik K, Nachammai M, Nivetha Gandhi G, Priyadharshini V, Shobika R (2023) Study of land cover classification from hyperspectral images using deep learning algorithm. In: Computer networks and inventive communication technologies. Lecture notes on data engineering and communications technologies, vol 141. Springer, Singapore
Bukvić L (2022) Price prediction and classification of used-vehicles using supervised machine learning. Sustainability 14(24):17034
Pradeep D, Bhuvaneswari A, Nandhini M, Roshini Begum A, Swetha N (2023) Survey on attendance system using face recognition, pervasive computing and social networking. Lecture notes in networks and systems, vol 475. Springer, Singapore
Shankar A, Pandiaraja P, Sumathi K, Stephan T, Sharma P (2021) Privacy preserving E-voting cloud system based on ID based encryption. Peer-to-Peer Netw Appl 14:2399–2409
Fathalla A (2020) Deep end-to-end learning for price prediction of second-hand items. Knowl Inform Syst 62:4541–4568
Pandey SK, Vanithamani S, Shahare P, Ahmad SS, Thilagamani S, Hassan MM, Amoatey ET (2022) Machine learning-based data analytics for IoT-enabled industry automation. Wirel Commun Mob Comput 2022. Article ID 8794749
Chandak A (2019) Car price prediction using machine learning. Int J Comput Sci Eng 7(5):444–450
Pandiaraja P, Deepa N (2019) A novel data privacy-preserving protocol for multi-data users by using genetic algorithm. Soft Comput 23:8539–8553
Reddy A, Kamalraj R (2021) Old/used cars price prediction using machine learning algorithms. IITM J Manage IT 12(1):32–35
Shankar A, Sumathi K, Pandiaraja P, Stephan T, Cheng X (2022) Wireless multimedia sensor network QoS bottleneck alert mechanism based on fuzzy logic. J Circ Syst Comput 31(11)
Priya P, Girubalini S, Lakshmi Prabha BG, Pranitha B, Srigayathri M (2023) A survey on privacy preserving voting scheme based on blockchain technology. In: IOT with smart systems. Smart innovation, systems and technologies, vol 312. Springer, Singapore
Huang J (2022) Used car price prediction analysis based on machine learning. In: International conference on artificial intelligence, internet and digital economy. Atlantis Press
Padmini Devi B, Aruna SK, Sindhanaiselvan K (2021) Performance analysis of deterministic finite automata and Turing machine using JFLAP tool. J Circ Syst Comput 30(6):2150105–2150116
Jansson, Owen J (1989) Car demand modelling and forecasting: a new approach. J Transp Econ Policy 125–140
Sathana V, Mathumathi M, Makanyadevi K (2022) Prediction of material property using optimized augmented graph-attention layer in GNN. Mater Today Proc 69(3)
Collard M (2022) Price prediction for used cars: a comparison of machine learning regression models
Pandiaraja P, Muthumanickam K, Palani Kumar R (2023) A graph-based model for discovering host-based hook attacks. In: Smart technologies in data science and communication. Lecture notes in networks and systems, vol 558. Springer, Singapore, pp 1–13
Kiran S (2020) Prediction of resale value of the car using linear regression algorithm. Int J Innov Sci Res Technol 6(7):382–386
Selvarathi C, Kumar KH, Pradeep M (2023) Journal on delivery management platform. In: Choudrie J, Mahalle P, Perumal T, Joshi A (eds) IOT with smart systems. Smart innovation, systems and technologies, vol 312. Springer, Singapore
Murugesan M, Nantha Gopal K, Saravanan S, Nandhakumar K, Navaladidhinesh S (2023) Recommendation of pesticides based on automation detection of citrus fruits and leaves diseases using deep learning. Smart innovation, systems and technologies, vol 317, pp 105–116
Khan J, Chaturvedi A, Singh S (2022) Vehicle price prediction system using machine learning
Akilandeswari V, Kumar A, Thilagamani S, Subedha V, Kalpana V, Kaur K, Asenso E (2022) Minimum latency-secure key transmission for cloud-based internet of vehicles using reinforcement learning. Comput Intell Neurosci
Hamayel MJ, Owda AY (2021) A novel cryptocurrency price prediction model using GRU, LSTM and bi-LSTM machine learning algorithms. AI 2(4):477–496
Wang F, Zhang X, Wang Q (2021) Prediction of used car price based on supervised learning algorithm. In: International conference on networking, communications, information and technology (NetCIT). IEEE
Listiani M (2009) Support vector regression analysis for price prediction in a car leasing application. Doctoral dissertation, Master thesis, TU Hamburg-Harburg
Ahtesham M, Zulfiqar J (2022) Used car price prediction with Pyspark. In: Digital technologies and applications: proceedings of ICDTA’22, Fez, Morocco, vol 1. Springer International Publishing, Cham, pp 169–179
Bukvić L (2022) Price prediction and classification of used-vehicles using supervised machine learning. Sustainability 14(24):17034
Chen Y, Li C, Xu M (2021) Business analytics for used car price prediction with statistical models. In: 2021 3rd international conference on economic management and cultural industry. Atlantis Press
Kim TK (2017) Understanding one-way ANOVA using conceptual figures. Korean J Anesthesiol 70(1):22
Ben-Hur A, Horn D, Siegelmann HT, Vapnik V (2001) Support vector clustering. J Mach Learn Res 2:125–137
Adhikary D, Ranjan D, Sahu R, Panda SP (2021) Prediction of used car prices using machine learning. Springer Nature Singapore, Singapore, pp 131–140
Jin C (2021) Price prediction of used cars using machine learning. In: IEEE international conference on emergency science and information technology (ICESIT). IEEE
Çelik Ö, Osmanoğlu UÖ (2019) Prediction of the prices of second-hand cars. Avrupa Bilim ve Teknoloji Dergisi 16:77–83
Pudaruth S (2014) Predicting the price of used cars using machine learning techniques. Int J Inf Computer Technol 4(7):753–764
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Selvarathi, C., Bhava Dharani, G., Pavithra, R. (2023). Survey on Pre-Owned Car Price Prediction Using Random Forest Algorithm. In: Choudrie, J., Mahalle, P.N., Perumal, T., Joshi, A. (eds) ICT for Intelligent Systems. ICTIS 2023. Smart Innovation, Systems and Technologies, vol 361. Springer, Singapore. https://doi.org/10.1007/978-981-99-3982-4_15
Download citation
DOI: https://doi.org/10.1007/978-981-99-3982-4_15
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-99-4039-4
Online ISBN: 978-981-99-3982-4
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)