Araştırma Makalesi

Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market

Cilt: 13 Sayı: 1 15 Ocak 2024
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Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market

Abstract

With escalating environmental concerns worldwide, the shift towards second-hand car markets has emerged as an eco-friendly alternative to reduce the carbon footprint associated with manufacturing new vehicles. However, the lack of accurate and efficient price prediction mechanisms may impede the growth and efficiency of these markets. This study, focusing on the Turkish second-hand car market, contributes towards addressing this gap by introducing a unique, comprehensive dataset gathered from various online markets across Turkey, thereby offering a broad spectrum of data pertaining to different vehicle types, specifications, and resale conditions. The study employs both classical machine learning methods, specifically decision trees, and deep learning models to predict used car prices. This comparative analysis aims to assess the potential of these methods in improving the predictability and transparency of resale price determination. Despite the superior performance of decision tree models, the study found that deep learning techniques achieved comparable results, indicating their potential for further optimization and enhancement. The accurate prediction of resale prices could streamline the operations of second-hand car markets, increasing their appeal to potential buyers and sellers. This could also contribute to environmental sustainability by significantly reducing the demand for new cars.

Keywords

Kaynakça

  1. C. Erdem, İ. Şentürk, A hedonic analysis of used car prices in Turkey. International Journal of Economic Perspectives, 3, 141-149, 2009.
  2. E. Liu, J. Li, A. Zheng, H. Liu and T. Jiang, Research on the prediction model of the used car price in view of the pso-gra-bp neural network. Sustainability, 14, 8993, 2022. https://doi.org/10.3390/su14158993.
  3. L. Bukvić, J. Pašagić Škrinjar, T. Fratrović and B. Abramović, Price Prediction and Classification of Used-Vehicles Using Supervised Machine Learning. Sustainability, 14, 17034, 2022. https://doi.org/10.339 0/su142417034.
  4. Ö. Çelik and U.Ö. Osmanoğlu, Prediction of the prices of second-hand cars. Avrupa Bilim ve Teknoloji Dergisi, 16, 77-83, 2019. https://doi.org/10.31590 /ejosat.542884.
  5. K. Samruddhi, RA Kumar, Used car price prediction using k-nearest neighbor based model. Int. J. Innov. Res. Appl. Sci. Eng. (IJIRASE), 4, 629-632, 2020. https://doi.org/10.29027/IJIRASE.v4.i2.2020.629-632.
  6. M. Asghar, K. Mehmood, S. Yasin and Z.M. Khan, Used cars price prediction using machine learning with optimal features. Pakistan Journal of Engineering and Technology, 4, 113-119, 2021. https://doi.org/10.518 46/vol4iss2pp113-119.
  7. C. Longani, S.P. Potharaju and S. Deore, Price prediction for pre-owned cars using ensemble machine learning techniques. in: M. Rajesh et al. (Eds.), Recent Trends Intensive Comput, IOS Press, pp. 178-187, Netherlands, 2021.
  8. S. Shaprapawad, P. Borugadda, and N. Koshika, Car Price Prediction: An Application of Machine Learning. Proceedings of 2023 International Conference on Inventive Computation Technologies (ICICT), pp. 242-248, Raleigh, USA, 2023.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Elektrik Mühendisliği (Diğer)

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

5 Ocak 2024

Yayımlanma Tarihi

15 Ocak 2024

Gönderilme Tarihi

31 Ağustos 2023

Kabul Tarihi

11 Aralık 2023

Yayımlandığı Sayı

Yıl 2024 Cilt: 13 Sayı: 1

Kaynak Göster

APA
Uysal, F. (2024). Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi, 13(1), 342-349. https://doi.org/10.28948/ngumuh.1353526
AMA
1.Uysal F. Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market. NÖHÜ Müh. Bilim. Derg. 2024;13(1):342-349. doi:10.28948/ngumuh.1353526
Chicago
Uysal, Fatih. 2024. “Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 13 (1): 342-49. https://doi.org/10.28948/ngumuh.1353526.
EndNote
Uysal F (01 Ocak 2024) Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 13 1 342–349.
IEEE
[1]F. Uysal, “Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market”, NÖHÜ Müh. Bilim. Derg., c. 13, sy 1, ss. 342–349, Oca. 2024, doi: 10.28948/ngumuh.1353526.
ISNAD
Uysal, Fatih. “Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 13/1 (01 Ocak 2024): 342-349. https://doi.org/10.28948/ngumuh.1353526.
JAMA
1.Uysal F. Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market. NÖHÜ Müh. Bilim. Derg. 2024;13:342–349.
MLA
Uysal, Fatih. “Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi, c. 13, sy 1, Ocak 2024, ss. 342-9, doi:10.28948/ngumuh.1353526.
Vancouver
1.Fatih Uysal. Comparative analysis of various machine learning and deep learning approaches for car resale price prediction in the turkish market. NÖHÜ Müh. Bilim. Derg. 01 Ocak 2024;13(1):342-9. doi:10.28948/ngumuh.1353526