Develops Advanced Pricing Model for Used Cars
Mar 24, 2023
Deb Friar, Co-founder of Quant Fusion, has recently earned a certification in Applied Data Science from MIT Professional Education. Her capstone project focused on developing a pricing model to predict the price of used cars and create profitable strategies using differential pricing.
Using machine learning, Deb designed a regression model that recommended used car prices. She tested 10 data models, with XGBoost delivering the best results, achieving a 90% R-squared on the test data. One significant insight from the model was the grouping of high, mid, and low-priced cities, which helped to uncover the premium that could be gained based on the selling market.
Deb's new certification and her work on the pricing model demonstrate Quant Fusion's commitment to innovative solutions powered by Data Science. Her expertise and dedication to the field of Data Science will continue to drive the company's success in helping clients achieve their financial goals. Congratulations to Deb on this achievement!
