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2024 | OriginalPaper | Chapter

Airbnb Price Prediction Using Advanced Regression Techniques and Deployment Using Streamlit

Authors : Ayan Sar, Tanupriya Choudhury, Tridha Bajaj, Ketan Kotecha, Mirtha Silvana Garat de Marin

Published in: Micro-Electronics and Telecommunication Engineering

Publisher: Springer Nature Singapore

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Abstract

This article seeks to anticipate AirBnB prices using advanced regression approaches. Extensive data analysis was done on different databases spanning diverse variables such as location, property type, facility, and user level. The database is constructed utilizing robust approaches such as feature augmentation, outlier reduction, and value loss. A number of complex regression models, such as linear regression, decision tree, random forest, gradient regression, are generated on the pre-developed database. The model is improved through hyperparameter adjustment to increase prediction accuracy. A cross-validation approach was employed to examine the performance and resilience of the model. In addition, a feature significance study was undertaken to discover the most significant elements impacting Airbnb prices. The experimental findings suggest that the improved regression approach delivers greater prediction accuracy than the standard model. The results of this study add to Airbnb’s pricing system and can promote improved decision-making for hosts and visitors searching for competitive pricing.

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Literature
Metadata
Title
Airbnb Price Prediction Using Advanced Regression Techniques and Deployment Using Streamlit
Authors
Ayan Sar
Tanupriya Choudhury
Tridha Bajaj
Ketan Kotecha
Mirtha Silvana Garat de Marin
Copyright Year
2024
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-9562-2_57