Araştırma Makalesi

Prediction of The Prices of Second-Hand Cars

Sayı: 16 31 Ağustos 2019
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Prediction of The Prices of Second-Hand Cars

Öz

In today's economic conditions, interest in second hand products has increased. Especially second-hand car or vehicles have a wide customer base. In the sector which has a workshop market, it is very important to make fast sales, to make the right pricing and to calculate the ideal prices of the cars in order to exchange at the right price. With linear regression analysis second-hand in such cases first determination of variables with effect on price, then it is possible to calculate the price by establising estimating model. In this study, the model was established by determining 23 of 78 variables affecting the price such as price, brands and model years of 5041 second-hand cars. The Determination Rate (R2) of these 23 variables was found to be 89.1%. Then, by using this regression model, second hand prices of the cars were estimated via machine learning algorithm. The data set is divided into two as training and test data (70-30% and 80-20%). As a result of the study, it was determined the affinities between the real values and the estimated values. The proximity rate (±%) calculated in result of study shows affinity intensity of the estimation results to the true results. Via the prediction model established as a result of machine learning, the predictive accuracy rate was found to be 81.15% according to the 10% proximity of the correct results (upper limit; 110%, lower limit; 90%). According to the results, it is thought that machine learning technique could be second-hand to estimate second hand car prices.  However, it is possible to reach a better estimation rate with a data set with more units and different variables.

Anahtar Kelimeler

Kaynakça

  1. Onat, M. G. (2007). Otomotiv Sektöründe Oranlar Yöntemi Aracılığı le Finansal Analiz.
  2. Asilkan, O., & Irmak, A. G. S. (2009). İkinci el otomobillerin gelecekteki fiyatlarının yapay sinir ağları ile tahmin edilmesi. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 14(2).
  3. WEB-ACEA, Association Des Connstructeurs Europeens D’automobiles, Economic Report, Acea’s Position On Motor Car Distribution in The European Union, 2001, www.acea.be, (15/09/2007)
  4. Lee, J. (2006). Empirical analysis of wholesale used car auctions. ProQuest.
  5. DATAMONITOR, “Used Cars in Europe”, Industry Profile, Reference Code: 0201-0750, December 2007.
  6. Genesove, D. (1993), “Adverse Selection in the Wholesale Used Car Market”, Journal of Political Economy, 101(4), 644-665.
  7. Murray, J. & Sarantis, N. (1999). Price-quality relations and hedonic price indexes for cars in the United Kingdom. International Journal of the Economics of Business, 6(1), 5-27.
  8. Pazarlıoğlu, M. V. & Gunes, M. (2000), “The Hedonic Price Model for Fusion on Car Market”, International Conference of of Information Fusion, Paris, France, 4-13, http://ieeexplore.ieee.org/document/862707/, (Access: 20.08.2016).

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mühendislik

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Ağustos 2019

Gönderilme Tarihi

21 Mart 2019

Kabul Tarihi

3 Mayıs 2019

Yayımlandığı Sayı

Yıl 2019 Sayı: 16

Kaynak Göster

APA
Çelik, Ö., & Osmanoğlu, U. Ö. (2019). Prediction of The Prices of Second-Hand Cars. Avrupa Bilim ve Teknoloji Dergisi, 16, 77-83. https://doi.org/10.31590/ejosat.542884
AMA
1.Çelik Ö, Osmanoğlu UÖ. Prediction of The Prices of Second-Hand Cars. EJOSAT. 2019;(16):77-83. doi:10.31590/ejosat.542884
Chicago
Çelik, Özer, ve Usame Ömer Osmanoğlu. 2019. “Prediction of The Prices of Second-Hand Cars”. Avrupa Bilim ve Teknoloji Dergisi, sy 16: 77-83. https://doi.org/10.31590/ejosat.542884.
EndNote
Çelik Ö, Osmanoğlu UÖ (01 Ağustos 2019) Prediction of The Prices of Second-Hand Cars. Avrupa Bilim ve Teknoloji Dergisi 16 77–83.
IEEE
[1]Ö. Çelik ve U. Ö. Osmanoğlu, “Prediction of The Prices of Second-Hand Cars”, EJOSAT, sy 16, ss. 77–83, Ağu. 2019, doi: 10.31590/ejosat.542884.
ISNAD
Çelik, Özer - Osmanoğlu, Usame Ömer. “Prediction of The Prices of Second-Hand Cars”. Avrupa Bilim ve Teknoloji Dergisi. 16 (01 Ağustos 2019): 77-83. https://doi.org/10.31590/ejosat.542884.
JAMA
1.Çelik Ö, Osmanoğlu UÖ. Prediction of The Prices of Second-Hand Cars. EJOSAT. 2019;:77–83.
MLA
Çelik, Özer, ve Usame Ömer Osmanoğlu. “Prediction of The Prices of Second-Hand Cars”. Avrupa Bilim ve Teknoloji Dergisi, sy 16, Ağustos 2019, ss. 77-83, doi:10.31590/ejosat.542884.
Vancouver
1.Özer Çelik, Usame Ömer Osmanoğlu. Prediction of The Prices of Second-Hand Cars. EJOSAT. 01 Ağustos 2019;(16):77-83. doi:10.31590/ejosat.542884

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