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An automobile dealership wants to use historic car sales data to train a machine learning model. The model should predict the price of a pre-owned car based on its make, model, engine size, and mileage. What kind of machine learning model should the dealership use automated machine learning to create? ClassificationRegressionTime series forecasting

Question

An automobile dealership wants to use historic car sales data to train a machine learning model. The model should predict the price of a pre-owned car based on its make, model, engine size, and mileage. What kind of machine learning model should the dealership use automated machine learning to create? ClassificationRegressionTime series forecasting

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Solution

The automobile dealership wants to predict the price of a pre-owned car based on its make, model, engine size, and mileage. To accomplish this, they should use a machine learning model that can handle continuous numerical data and make predictions based on multiple input features. In this case, the dealership should use a regression model.

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