6.2 Project 2: Predicting Car Prices Using Linear Regression
In this project, we will develop a predictive model to estimate the prices of used cars based on various features such as mileage, year, make, model, and other relevant factors. This project has significant real-world applications in the automotive industry, particularly for car dealerships, insurance companies, and online marketplaces dealing with used vehicles.
Linear regression is well-suited for this task as our goal is to predict a continuous value (car price) based on multiple input features. Throughout this project, we will:
Explore and preprocess a comprehensive car dataset
Apply linear regression to predict car prices
Evaluate the model's performance using various metrics ...