Explore how automated machine learning creates a regression model to predict pre-owned car prices based on make, model, engine size, and mileage. Efficient forecasting for automobile dealerships!
Table of Contents
Question
An automobile dealership wants to use historic car sales data to train a machine learning model. The model should predict the price of a pre-owned car based on its make, model, engine size, and mileage. What kind of machine learning model should the dealership use automated machine learning to create?
Answer
Regression
Explanation
The dealership should use a regression model via automated machine learning to predict pre-owned car prices based on features like make, model, engine size, and mileage. Regression models are suited for predicting continuous values, making them ideal for forecasting prices in scenarios like this.
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