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Boston Airbnb Price Prediction: An investigation using Machine Learning

Performed and compared various linear regressions techniques (penalize, LASSO and Ridge), Generalized Additive Models(GAMs) and Regression trees on the Boston Airbnb dataset to investigate the following questions:

  • To what degree can supervised machine learning techniques be used to assist an Airbnb host in determining an appropriate listing price for their property?

  • For Airbnb data, can the categorical feature of “neighborhood” be replaced with a con- tinuous feature of driving distance to a geographic point of interest (e.g., an airport) and have comparable results?

The complete investigation and report is in documents/final_report.pdf

The R source code is in src/boston_airbnb.Rmd

Collaborators

  • Nakul Camasamudram
  • Philip Parker
  • Abhay Kasturia

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Machine Learning models for Airbnb price prediction

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