Machine Learning Techniques To Predict The Price Of Used Cars: Predictive Analytics in Retail Business

Author(s):  
Chejarla Venkat Narayana ◽  
Chinta Lakshmi Likhitha ◽  
Syed Bademiya ◽  
Karre Kusumanjali
2021 ◽  
Author(s):  
Serkan Varol ◽  
Serkan Catma ◽  
Diana Reindl ◽  
Elizabeth Serieux

BACKGROUND Vaccine refusal still poses a risk to reaching herd immunity in the United States. The existing literature focuses on identifying the predictors that would impact the willingness to accept (WTA) vaccines using survey data. These variables range from the socio-demographic characteristics of the participants to the perceptions and attitudes towards the vaccines so each variable’s statistical relationship with the WTA a vaccine can be investigated. However, while the results of these studies may have important implications for understanding vaccine hesitancy by offering interpretation of the statistical relationships, the prediction of vaccine decision-making has rarely been investigated OBJECTIVE We aimed to identify the factors that contribute to the prediction of COVID-19 vaccine acceptors and refusers using machine learning METHODS A nationwide survey was administered online in November, 2020 to assess American public perceptions and attitudes towards COVID-19 vaccines. Seven machine learning techniques were utilized to identify the model with the highest predictive power. Moreover, a set of variables that would contribute the most to the predictions of vaccine acceptors and refusers was identified using Gini importance based on Random Forest structure RESULTS The resulting machine learning algorithm has better prediction ability for willingness to accept (82%) versus reject (51%) a COVID-19 vaccine. In terms of predictive success, the Random Forest model outperformed the other machine learning techniques with a 69.52% accuracy rate. Worrying about (re) contracting Covid 19 and opinions regarding mandatory face covering were identified as the most important predictors of vaccine decision-making CONCLUSIONS The complexity of vaccine hesitancy needs to be investigated thoroughly before the threshold needed to reach population immunity can be achieved. Predictive analytics can help the public health officials design and deliver individually tailored vaccination programs that would increase the overall vaccine uptake.


Author(s):  
Anurag Yedla ◽  
Fatemeh Davoudi Kakhki ◽  
Ali Jannesari

Mining is known to be one of the most hazardous occupations in the world. Many serious accidents have occurred worldwide over the years in mining. Although there have been efforts to create a safer work environment for miners, the number of accidents occurring at the mining sites is still significant. Machine learning techniques and predictive analytics are becoming one of the leading resources to create safer work environments in the manufacturing and construction industries. These techniques are leveraged to generate actionable insights to improve decision-making. A large amount of mining safety-related data are available, and machine learning algorithms can be used to analyze the data. The use of machine learning techniques can significantly benefit the mining industry. Decision tree, random forest, and artificial neural networks were implemented to analyze the outcomes of mining accidents. These machine learning models were also used to predict days away from work. An accidents dataset provided by the Mine Safety and Health Administration was used to train the models. The models were trained separately on tabular data and narratives. The use of a synthetic data augmentation technique using word embedding was also investigated to tackle the data imbalance problem. Performance of all the models was compared with the performance of the traditional logistic regression model. The results show that models trained on narratives performed better than the models trained on structured/tabular data in predicting the outcome of the accident. The higher predictive power of the models trained on narratives led to the conclusion that the narratives have additional information relevant to the outcome of injury compared to the tabular entries. The models trained on tabular data had a lower mean squared error compared to the models trained on narratives while predicting the days away from work. The results highlight the importance of predictors, like shift start time, accident time, and mining experience in predicting the days away from work. It was found that the F1 score of all the underrepresented classes except one improved after the use of the data augmentation technique. This approach gave greater insight into the factors influencing the outcome of the accident and days away from work.


Author(s):  
Helper Zhou ◽  
Victor Gumbo

The emergence of machine learning algorithms presents the opportunity for a variety of stakeholders to perform advanced predictive analytics and to make informed decisions. However, to date there have been few studies in developing countries that evaluate the performance of such algorithms—with the result that pertinent stakeholders lack an informed basis for selecting appropriate techniques for modelling tasks. This study aims to address this gap by evaluating the performance of three machine learning techniques: ordinary least squares (OLS), least absolute shrinkage and selection operator (LASSO), and artificial neural networks (ANNs). These techniques are evaluated in respect of their ability to perform predictive modelling of the sales performance of small, medium and micro enterprises (SMMEs) engaged in manufacturing. The evaluation finds that the ANNs algorithm’s performance is far superior to that of the other two techniques, OLS and LASSO, in predicting the SMMEs’ sales performance.


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