Predicting the Price of Used Cars using Machine Learning Techniques

In this paper, we investigate the application of supervised machine learning techniques to predict the price of used cars in Mauritius. The predictions are based on historical data collected from daily newspapers. Different techniques like multiple linear regression analysis, k-nearest neighbours, naïve bayes and decision trees have been used to make the predictions. The predictions are then evaluated and compared in order to find those which provide the best performances. A seemingly easy problem turned out to be indeed very difficult to resolve with high accuracy. All the four methods provided comparable performance. In the future, we intend to use more sophisticated algorithms to make the predictions. Keywords-component; formatting; style; styling; insert (key words)