IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Laptop Price Prediction using Machine Learning

Main Article Content

Mohammed Fasi Ahmed Parvez ,Maliha Fathima ,Santhosh, Mohammed Mubben, Md.Suffiyan, Mrs.Keerthi Kumari

Abstract

Predicting laptop prices involves analyzing various factors such as technological advancements, market demand, component costs, and competitive dynamics. This abstract outlines a methodology for forecasting laptop prices using a combination of machine learning algorithms and economic principles. Firstly, historical data on laptop prices, spanning different models, brands, and specifications, is collected and analyzed. This dataset serves as the foundation for training predictive models. Features such as processor type, RAM capacity, storage size, display resolution, brand reputation, and market trends are incorporated into the dataset. Machine learning algorithms, such as regression analysis, decision trees, or neural networks, are then applied to the dataset to develop predictive models. These models learn the relationships between the features and the corresponding laptop prices, enabling them to make price predictions for new or existing laptops. In addition to machine learning techniques, economic principles play a crucial role in price prediction. Factors like inflation, currency exchange rates, and industry competition are considered in the analysis. Economic indicators such as GDP growth, consumer spending, and technological innovation are also factored in to anticipate market trends and their impact on laptop prices. Furthermore, market research and expert opinions are utilized to validate and refine the predictive models. Industry insights, consumer preferences, and emerging technologies are taken into account to enhance the accuracy of the price forecasts. Ultimately, the proposed methodology integrates machine learning algorithms with economic analysis and market research to predict laptop prices. By leveraging historical data, economic indicators, and expert insights, this approach provides a comprehensive framework for forecasting laptop prices, aiding manufacturers, retailers, and consumers in making informed decisions in the dynamic laptop market.

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