Utilizing Web Scraping and Machine Learning for Improving Accuracy of Smartphone Price Prediction

Mobile prices play a pivotal role in determining their popularity amongst consumers and their competitive standing within the market. As customers consider their budget while evaluating a mobile phone's specifications and design, estimating the price beforehand becomes essential to cater to their needs and expectations. Hence, accurately forecasting mobile phone prices is a vital step in the product launch process to remain competitive and assess the market dynamics and competitors. The primary aim of this research is to determine the true market value of mobile phones. In this research, the dataset was extracted by means of utilizing a web scraping process from the flipkart website. The main objective of this research is to fetch the most recent dataset based on the most recent features. The extracted dataset is fitted into regression models such as linear regression, decision tree regressor, random forest regressor, KNN regressor, and gradient boosting regressor and performs the comparative analysis. The models are evaluated based on the mean absolute error metric.