Understanding Regression Problems
Machine Learning problems can be broadly classified into Classification and Regression.
Classification
Classification predicts discrete categories or classes.
Examples:
- Yes or No
- Fraud or Not Fraud
- Disease or No Disease
Regression
Regression predicts continuous numerical values.
Examples:
- House prices
- Temperature forecasts
- Revenue predictions
In this project, our objective is to predict housing prices, which are numerical values rather than categories.
Therefore, House Price Prediction is a Regression problem.
Why Regression Is Used Here
The output variable, house price, can take any value within a range rather than belonging to fixed categories.
Examples:
- $18,000
- $24,500
- $35,200
- $52,000
Because the target variable is continuous, regression algorithms are the appropriate choice.
House Price Prediction Using Machine Learning (XGBoost)
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