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Machine Learning-Based House Rent Prediction Using Stacking Integration Method

Received: 7 March 2023    Accepted: 10 April 2023    Published: 18 April 2023
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Abstract

With the advancement of urbanization and the gradual increase of the rental population, the housing rental market is growing rapidly. It is important to achieve accurate housing rent prediction in order to stabilize the rental housing market. The influence of spatial and temporal factors has led to the complexity of house rent prediction, so it has always been difficult to find an appropriate method. In recent years, machine learning models have been widely studied and applied in various fields, which may provide a promising solution to it. In this paper, a stacking-based ensemble learning model is proposed to solve the problem of house rent prediction. First, the raw data are preprocessed, including decomposing hybrid features, removing rent outliers using scatterplot, removing uncorrelated features, and applying one-hot encoding to transform categorical features into numerical features. Second, the pre-processed data is normalized to unify the magnitudes. Then, the competent base predictive models are selected from all the trained base predictive models and integrated into a comprehensive ensemble model using the stacking integration method to make the final prediction. Finally, the various models are evaluated by some metrics. The experimental results show that the proposed stacking integration-based machine learning method outperforms the individual machine learning methods in solving the house rent prediction problem.

Published in American Journal of Management Science and Engineering (Volume 8, Issue 2)
DOI 10.11648/j.ajmse.20230802.12
Page(s) 50-55
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Stacking Integration, Ensemble Model, Machine Learning, House Rent, Prediction

References
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[2] Ahmad, A., Anderson, T. N., & Rehman, S. U. (2018). Prediction of electricity consumption for residential houses in New Zealand. In Proceedings of 3rd International Conference of Smart Grid and Innovative Frontiers in Telecommunications (SmartGIFT), Auckland, New Zealand, April 23-24, 2018, pp. 165-172.
[3] Cameron, A. C., & Windmeijer, F. A. (1997). An R-squared measure of goodness of fit for some common nonlinear regression models. Journal of econometrics, 77 (2), 329-342.
[4] Fikire, A. H. (2021). Determinants of residential house rental price in Debre Berhan Town, North Shewa Zone, Amhara Region, Ethiopia. Cogent Economics & Finance, 9 (1), 1904650.
[5] Garzon, M. B., Blazek, R., Neteler, M., de Dios, R. S., Ollero, H. S., & Furlanello, C. (2006). Predicting habitat suitability with machine learning models: the potential area of Pinus sylvestris L. in the Iberian Peninsula. Ecological modelling, 197 (3-4), 383-393.
[6] Huang, S., Chang, J., Huang, Q., & Chen, Y. (2014). Monthly streamflow prediction using modified EMD-based support vector machine. Journal of Hydrology, 511, 764-775.
[7] Jordan, E. J., & Moore, J. (2018). An in-depth exploration of residents’ perceived impacts of transient vacation rentals. Journal of Travel & Tourism Marketing, 35 (1), 90-101.
[8] Kumatani, S., Itoh, T., Motohashi, Y., Umezu, K., & Takatsuka, M. (2016, July). Time-varying data visualization using clustered heatmap and dual scatterplots. In Proceedings of 2016 20th International Conference of Information Visualisation (IV), (pp. 63-68), Lisbon, Portugal.
[9] Lim, W. T., Wang, L., Wang, Y., & Chang, Q. (2016). Housing price prediction using neural networks. In Proceedings of the 12th International Conference on Natural Computation, Fuzzy Systems and Knowledge Discovery (ICNC-FSKD), Changsha, China, August 13-15, 2016, pp. 518-522.
[10] Mitchell, T. M. (2006). The Discipline of Machine Learning (Vol. 9). Pittsburgh: Carnegie Mellon University, School of Computer Science, Machine Learning Department.
[11] Sharma, G., & Prabha, C. (2021). Applications of machine learning in cancer prediction and prognosis. In Cancer Prediction for Industrial IoT 4.0: A Machine Learning Perspective (Eds: Gupta, M., Jain, R., Solanki, A. & AI-Turjman, F.), Chapman and Hall/CRC, pp. 119-135.
[12] Shin, K. S., Lee, T. S., & Kim, H. J. (2005). An application of support vector machines in bankruptcy prediction model. Expert systems with applications, 28 (1), 127-135.
[13] Verma, S. P. (1997). Sixteen statistical tests for outlier detection and rejection in evaluation of international geochemical reference materials: Example of microgabbro PM-S. Geostandards Newsletter, 21 (1), 59-75.
[14] Ves, A. V., Ghitescu, N., Pop, C., Antal, M., Cioara, T., Anghel, I., & Salomie, I. (2019, September). A stacking multi-learning ensemble model for predicting near real time energy consumption demand of residential buildings. In 2019 IEEE 15th International Conference on Intelligent Computer Communication and Processing (ICCP) (pp. 183-189). IEEE.
[15] Yoshida, T., Murakami, D., & Seya, H. (2022). Spatial prediction of apartment rent using regression-based and machine learning-based approaches with a large dataset. The Journal of Real Estate Finance and Economics, DOI: https://doi.org/10.1007/s11146-022-09929-6.
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Cite This Article
  • APA Style

    Kainuo Wang, Huiyi Zhao, Jingzhong Li. (2023). Machine Learning-Based House Rent Prediction Using Stacking Integration Method. American Journal of Management Science and Engineering, 8(2), 50-55. https://doi.org/10.11648/j.ajmse.20230802.12

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    ACS Style

    Kainuo Wang; Huiyi Zhao; Jingzhong Li. Machine Learning-Based House Rent Prediction Using Stacking Integration Method. Am. J. Manag. Sci. Eng. 2023, 8(2), 50-55. doi: 10.11648/j.ajmse.20230802.12

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    AMA Style

    Kainuo Wang, Huiyi Zhao, Jingzhong Li. Machine Learning-Based House Rent Prediction Using Stacking Integration Method. Am J Manag Sci Eng. 2023;8(2):50-55. doi: 10.11648/j.ajmse.20230802.12

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  • @article{10.11648/j.ajmse.20230802.12,
      author = {Kainuo Wang and Huiyi Zhao and Jingzhong Li},
      title = {Machine Learning-Based House Rent Prediction Using Stacking Integration Method},
      journal = {American Journal of Management Science and Engineering},
      volume = {8},
      number = {2},
      pages = {50-55},
      doi = {10.11648/j.ajmse.20230802.12},
      url = {https://doi.org/10.11648/j.ajmse.20230802.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20230802.12},
      abstract = {With the advancement of urbanization and the gradual increase of the rental population, the housing rental market is growing rapidly. It is important to achieve accurate housing rent prediction in order to stabilize the rental housing market. The influence of spatial and temporal factors has led to the complexity of house rent prediction, so it has always been difficult to find an appropriate method. In recent years, machine learning models have been widely studied and applied in various fields, which may provide a promising solution to it. In this paper, a stacking-based ensemble learning model is proposed to solve the problem of house rent prediction. First, the raw data are preprocessed, including decomposing hybrid features, removing rent outliers using scatterplot, removing uncorrelated features, and applying one-hot encoding to transform categorical features into numerical features. Second, the pre-processed data is normalized to unify the magnitudes. Then, the competent base predictive models are selected from all the trained base predictive models and integrated into a comprehensive ensemble model using the stacking integration method to make the final prediction. Finally, the various models are evaluated by some metrics. The experimental results show that the proposed stacking integration-based machine learning method outperforms the individual machine learning methods in solving the house rent prediction problem.},
     year = {2023}
    }
    

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  • TY  - JOUR
    T1  - Machine Learning-Based House Rent Prediction Using Stacking Integration Method
    AU  - Kainuo Wang
    AU  - Huiyi Zhao
    AU  - Jingzhong Li
    Y1  - 2023/04/18
    PY  - 2023
    N1  - https://doi.org/10.11648/j.ajmse.20230802.12
    DO  - 10.11648/j.ajmse.20230802.12
    T2  - American Journal of Management Science and Engineering
    JF  - American Journal of Management Science and Engineering
    JO  - American Journal of Management Science and Engineering
    SP  - 50
    EP  - 55
    PB  - Science Publishing Group
    SN  - 2575-1379
    UR  - https://doi.org/10.11648/j.ajmse.20230802.12
    AB  - With the advancement of urbanization and the gradual increase of the rental population, the housing rental market is growing rapidly. It is important to achieve accurate housing rent prediction in order to stabilize the rental housing market. The influence of spatial and temporal factors has led to the complexity of house rent prediction, so it has always been difficult to find an appropriate method. In recent years, machine learning models have been widely studied and applied in various fields, which may provide a promising solution to it. In this paper, a stacking-based ensemble learning model is proposed to solve the problem of house rent prediction. First, the raw data are preprocessed, including decomposing hybrid features, removing rent outliers using scatterplot, removing uncorrelated features, and applying one-hot encoding to transform categorical features into numerical features. Second, the pre-processed data is normalized to unify the magnitudes. Then, the competent base predictive models are selected from all the trained base predictive models and integrated into a comprehensive ensemble model using the stacking integration method to make the final prediction. Finally, the various models are evaluated by some metrics. The experimental results show that the proposed stacking integration-based machine learning method outperforms the individual machine learning methods in solving the house rent prediction problem.
    VL  - 8
    IS  - 2
    ER  - 

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Author Information
  • School of Resource and Environmental Science, Wuhan University, Wuhan, China

  • School of Urban Design, Wuhan University, Wuhan, China

  • School of Resource and Environmental Science, Wuhan University, Wuhan, China

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