You are required to model the price of cars with the available independent variables.

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Project Work Component for Certified Business Analytics Specialist 

The Project Work Component is an individual assignment and needs to be submitted within the duration of FOURTEEN (14) days after the last day of training. You are required to produce a written report of NOT MORE than 10 pages detailing the process of the project. Your submission should include the saved process / file of and a written report. 

Car Price Prediction 

Problem Statement 

A Chinese automobile company Geely Auto aspires to enter the US market by setting up their manufacturing unit there and producing cars locally to give competition to their US and European counterparts. 

They have contracted an automobile consulting company to understand the factors on which the pricing of cars depends. Specifically, they want to understand the factors affecting the pricing of cars in the American market, since those may be very different from the Chinese market. The company wants to know: 

• Which variables are significant in predicting the price of a car? • How well do those variables describe the price of a car? 

Based on various market surveys, the consulting firm has gathered a large dataset of different types of cars across the American market. 

Business Goal 

You are required to model the price of cars with the available independent variables. It will be used by the management to understand how exactly the prices vary with the independent t0 meet They can accordingly manipulate the design of the cars, the business strategy etc. meet certain price levels. Further, the model will be a good way for management to understand the pricing dynamics of a new market. 

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