log_price of homestay listings based on comprehensive analysis of their characteristics, amenities, and host information. First make sure that the entire dataset is clean and ready to be used.Host_Tenure by determining the number of years from host_since to the current date, providing a measure of host experience. Generate Amenities_Count by counting the items listed in the amenities array to quantify property offerings. Determine Days_Since_Last_Review by calculating the days between last_review and today to assess listing activity and relevance.log_price) correlates with both categorical (such as room_type and property_type) and numerical features (like accommodates and number_of_reviews). Utilize statistical tools and visualizations such as correlation matrices, histograms for distribution analysis, and scatter plots to explore relationships between variables.latitude and longitude data to visually assess price distribution. Examine if certain neighbourhoods or proximity to city centres influence pricing, providing a spatial perspective to the pricing strategy.description texts to extract sentiment scores. Use sentiment analysis tools to determine whether positive or negative descriptions influence listing prices, incorporating these findings into the predictive model being trained as a feature.amenities provided in the listings. Identify which amenities are most associated with higher or lower prices by applying statistical tests to determine correlations, thereby informing both pricing strategy and model inputs.room_type, city, and property_type, ensuring that the model can interpret these as distinct features without any ordinal implication.log_price. Begin with a simple linear regression to establish a baseline, then explore more complex models such as RandomForest and GradientBoosting to better capture non-linear relationships and interactions between features. Document (briefly within Jupyter notebook itself) the model-building process, specifying the choice of algorithms and rationale.log_price. Utilize model-specific methods like feature importance scores for tree-based models and SHAP values for an indepth understanding of feature contributions.Posted May 1, 2025
Built a predictive model for homestay pricing using data analysis and machine learning.
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