DATA ANALYSIS AND DATA SCIENCE WITH PYTHON
Task 4: Regression Analysis
Objective: Build a regression model to predict house prices based on various features using
linear regression.
Steps to Complete the Project
1. Dataset Selection
● Dataset Name: house_prices.csv
● Key Columns:
○ Size: Numeric (e.g., in square feet).
○ Location: Categorical (e.g., urban, suburban, rural).
○ Number of Rooms: Numeric.
○ Price: Numeric (target variable).
2. Tasks to Perform
1. Load and Explore
● Inspect the Dataset:
○ Check for missing values and handle them appropriately.
○ Analyze distributions of numerical variables (e.g., Size, Price).
○ Identify potential outliers that might skew results.
2. Data Preprocessing
● Normalize Numerical Data:
○ Scale features like Size and Number of Rooms to bring them to a comparable
range using methods like Min-Max Scaling or Standardization.
● Encode Categorical Features:
○ Convert Location into numerical values using methods such as:
■ One-Hot Encoding for non-ordinal categories.
■ Label Encoding for ordinal categories (if any).
3. Feature Selection
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● Analyze Predictors:
○ Use correlation analysis to identify relationships between features and the target
variable (Price).
○ Consider removing low-impact predictors to improve model performance.
4. Model Training
● Train-Test Split:
○ Divide the dataset into training and testing sets (e.g., 80% train, 20% test).
Ensure the split is random but reproducible.
● Train a Linear Regression Model:
○ Use libraries like scikit-learn or similar tools to fit the regression model.
5. Model Evaluation
● Evaluation Metrics:
○ Calculate Root Mean Square Error (RMSE) to measure prediction accuracy.
○ Determine R² (Coefficient of Determination) to evaluate how well the model
explains variability in the data.
3. Deliverables
1. Trained Regression Model:
○ A fitted linear regression model capable of predicting house prices.
2. Predictions:
○ Outputs for the test data including predicted vs. actual prices.
3. Evaluation Metrics:
○ RMSE and R² values for model performance.
4. Feature Insights:
○ Summary of the most important predictors influencing house prices.
Expected Insights
● How features like Size or Number of Rooms correlate with house prices.
● The effect of Location on pricing.
● Accuracy and reliability of the regression model for predicting real-world house prices.
Would you like a more detailed breakdown of any specific step?
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Deadline Compliance
● Restriction: Submit the project within 7 days from the start date.
● Reason: Meeting deadlines is crucial in the real-world software development
environment. This restriction helps students practice time management and task
prioritization. In professional settings, tight deadlines are often the norm, and learning
to meet them without compromising quality is an essential skill.
● Learning Outcome: Students will learn to manage their time effectively, complete
projects under pressure, and deliver results on time, which are all important skills in
the workplace.
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Contact Us. +91 9389641586, +91 97736 99074
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