IJIIS: International Journal of Informatics and Information Systems
Vol 3, No 2: September 2020

Property Rental Price Prediction Using the Extreme Gradient Boosting Algorithm

Kokasih, Marco Febriadi (Unknown)
Paramita, Adi Suryaputra (Unknown)



Article Info

Publish Date
30 Sep 2020

Abstract

Online marketplace in the field of property renting like Airbnb is growing. Many property owners have begun renting out their properties to fulfil this demand. Determining a fair price for both property owners and tourists is a challenge. Therefore, this study aims to create a software that can create a prediction model for property rent price. Variable that will be used for this study is listing feature, neighbourhood, review, date and host information. Prediction model is created based on the dataset given by the user and processed with Extreme Gradient Boosting algorithm which then will be stored in the system. The result of this study is expected to create prediction models for property rent price for property owners and tourists consideration when considering to rent a property. In conclusion, Extreme Gradient Boosting algorithm is able to create property rental price prediction with the average of RMSE of 10.86 or 13.30%.

Copyrights © 2020






Journal Info

Abbrev

IJIIS

Publisher

Subject

Computer Science & IT

Description

The IJIIS is an international journal that aims to encourage comprehensive, multi-specialty informatics and information systems. The Journal publishes original research articles and review articles. It is an open access journal, with free access for each visitor (ijiis.org/index.php/IJIIS/); ...