listing price
Measurement Models For Sailboats Price vs. Features And Regional Areas
Weng, Jiaqi, Feng, Chunlin, Shao, Yihan
In this study, we investigated the relationship between sailboat technical specifications and their prices, as well as regional pricing influences. Utilizing a dataset encompassing characteristics like length, beam, draft, displacement, sail area, and waterline, we applied multiple machine learning models to predict sailboat prices. The gradient descent model demonstrated superior performance, producing the lowest MSE and MAE. Our analysis revealed that monohulled boats are generally more affordable than catamarans, and that certain specifications such as length, beam, displacement, and sail area directly correlate with higher prices. Interestingly, lower draft was associated with higher listing prices. We also explored regional price determinants and found that the United States tops the list in average sailboat prices, followed by Europe, Hong Kong, and the Caribbean. Contrary to our initial hypothesis, a country's GDP showed no direct correlation with sailboat prices. Utilizing a 50% cross-validation method, our models yielded consistent results across test groups. Our research offers a machine learning-enhanced perspective on sailboat pricing, aiding prospective buyers in making informed decisions.
- North America > United States (0.49)
- Asia > China > Hong Kong (0.29)
- Europe (0.25)
- (2 more...)
Predicting Listing Prices In Dynamic Short Term Rental Markets Using Machine Learning Models
Chapman, Sam, Mohammad, Seifey, Villegas, Kimberly
Our research group wanted to take on the difficult task of predicting prices in a dynamic market. And short term rentals such as Airbnb listings seemed to be the perfect proving ground to do such a thing. Airbnb has revolutionized the travel industry by providing a platform for homeowners to rent out their properties to travelers. The pricing of Airbnb rentals is prone to high fluctuations, with prices changing frequently based on demand, seasonality, and other factors. Accurate prediction of Airbnb rental prices is crucial for hosts to optimize their revenue and for travelers to make informed booking decisions. In this project, we aim to predict the prices of Airbnb rentals using a machine learning modeling approach. Our project expands on earlier research in the area of analyzing Airbnb rental prices by taking a methodical machine learning approach as well as incorporating sentiment analysis into our feature engineering. We intend to gain a deeper understanding on periodic changes of Airbnb rental prices. The primary objective of this study is to construct an accurate machine learning model for predicting Airbnb rental prices specifically in Austin, Texas. Our project's secondary objective is to identify the key factors that drive Airbnb rental prices and to investigate how these factors vary across different locations and property types.
- North America > United States > Texas > Travis County > Austin (0.48)
- Asia > China > Shanghai > Shanghai (0.04)
- Asia > China > Hubei Province > Wuhan (0.04)
- (2 more...)
Why buying and selling a house could soon be as simple as trading stocks
On a recent weeknight, Dahlia and Adam Brown came home to their spacious Colonial on a quiet cul-de-sac in Marietta, Ga. The Browns both work demanding jobs and have two young sons. They bought the house in June using Knock, a company that's trying to revolutionize the real-estate industry with a "home trade-in platform" making it easier to buy and sell at once. That solution was ideal for the Browns, who are just as busy as most couples but more introverted, making the idea of prospective buyers tramping through their private space seem excruciating. Across town, Martha Seay was overseeing movers in a rambling brown ranch-style house nestled among tall hickory trees. The day before, she had closed on the sale of the house, where she and her husband had raised their family, to the real-estate company Zillow.
- North America > United States > Georgia > Cobb County > Marietta (0.24)
- North America > United States > New York (0.05)
Why buying and selling a house could soon be as simple as trading stocks
On a recent weeknight, Dahlia and Adam Brown came home to their spacious Colonial on a quiet cul-de-sac in Marietta, Ga. The Browns both work demanding jobs and have two young sons. They bought the house in June using Knock, a company that's trying to revolutionize the real-estate industry with a "home trade-in platform" making it easier to buy and sell at once. That solution was ideal for the Browns, who are just as busy as most couples but more introverted, making the idea of prospective buyers tramping through their private space seem excruciating. Across town, Martha Seay was overseeing movers in a rambling brown ranch-style house nestled among tall hickory trees. The day before, she had closed on the sale of the house, where she and her husband had raised their family, to the real-estate company Zillow.
- North America > United States > Georgia > Cobb County > Marietta (0.24)
- North America > United States > New York (0.05)
With Startups And Big Data, Airbnb Hosts Take The Human Out Of Pricing - Crunchbase News
Travel planning can be time consuming and frustrating. With constantly fluctuating prices, securing the cheapest flights and hotels seems more like an urban myth. But it's not just big providers that may struggle with setting the right price. Airbnb hosts face the same uncertainty in how to set flexible listing prices in response to changing market demands. The fancy economic term for this dilemma is "dynamic pricing," and several startups, along with Airbnb itself, have tapped into the market. One of the startups working to bring dynamic pricing to the masses, Wheelhouse, builds its pricing model on "over two dozen factors," according to its help page.
- Information Technology > Data Science > Data Mining > Big Data (0.41)
- Information Technology > Communications > Social Media (0.32)
- Information Technology > Artificial Intelligence > Machine Learning (0.32)