Overview of machine learning methods in predicting house prices and its application in R

dc.contributor.advisorKeitt, Timothy H.
dc.contributor.committeeMemberViswanathan, Bindu
dc.creatorChen, Wei-Ta
dc.date.accessioned2018-03-07T20:09:08Z
dc.date.available2018-03-07T20:09:08Z
dc.date.created2017-12
dc.date.issued2018-01-25
dc.date.submittedDecember 2017
dc.date.updated2018-03-07T20:09:09Z
dc.description.abstractThis report aims to predict house prices by using several machine learning methods. These methods include ordinary least squares regression, Ridge regression, Lasso regression, and k-nearest neighbor regression. We compare the prediction accuracy by using root mean square error (RMSE) among these models to determine which model performs best in the predictions of house price. The propose of this report is to give an overview of how to perform different models in predicting house prices and its implementation in R.
dc.description.departmentStatistics
dc.format.mimetypeapplication/pdf
dc.identifierdoi:10.15781/T2125QS5C
dc.identifier.urihttp://hdl.handle.net/2152/63804
dc.language.isoen
dc.subjectMachine learning
dc.subjectRegression
dc.subjectRMSE
dc.titleOverview of machine learning methods in predicting house prices and its application in R
dc.typeThesis
dc.type.materialtext
thesis.degree.departmentStatistics
thesis.degree.disciplineStatistics
thesis.degree.grantorThe University of Texas at Austin
thesis.degree.levelMasters
thesis.degree.nameMaster of Science in Statistics

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