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Estimating Used Car Prices

Kevin Jacobs wants to estimate the value of his car and shows how to set up a machine learning job to do this:

As you can see, I collected the brand (Peugeot 106), the type (1.0, 1.1, …), the color of the car (black, blue, …) the construction year of the car, the odometer of the car (which is the distance in kilometers (km) traveled with the car at this point in space and time), the ask price of the car (in Euro’s), the days until the MOT (Ministry of Transport test, a required periodical check-up of your car) and the horse power (HP) of the car. Feel free to use your own variables/units!

It’s an interesting example of how you can approach a real problem.