Predicting final eBay auction prices

Transcript

1. PriceCast – Predicting final eBay auction prices why should you care The online auction market is HOT. In 2011, $195 Billion in Revenues in the US alone Predicting and forecasting prices like airfare, consumer electronics is a huge market.         Could we integrate a tool with major auction sites, that performs analytics and gives Prospective buyers resources to make well informed buying decisions ??? Ikechukwu  Okonkwo,  Nakul  Ingley   No commercial tool available to predict auction prices
2. We know what words you should put in your auction description and title and to get a lot of bids and bidders Architecture Most Important Features Initial Price Number of Bids / Bidders Seller Feedback Rating ... Predicted Result Database kNN Random Forest Decision tree - 27 Features – 50% misclassification Random Forest - 16 Features – 22% misclassification Insights