The prediction of affordable housing prices in Petaling Jaya District using R statistical computing environment

Suresh Nodeson

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Type :	article
Subject :	HJ Public Finance HA Statistics T Technology
Main Author :	Suresh Nodeson
Additional Authors :	Kesavan Krishnan Sathis Krishnan
Title :	The prediction of affordable housing prices in Petaling Jaya District using R statistical computing environment

Place of Production :	Tanjong Malim
Publisher :	Fakulti Pengurusan dan Ekonomi
Year of Publication :	2023
Corporate Name :	Universiti Pendidikan Sultan Idris

Abstract : Universiti Pendidikan Sultan Idris

Affordable housing especially in a city environment is recognized as one of citizen needs among the mid-dle-income groups. This research paper intended to explore the possibilities to use data mining algorithms: Linear Regression, Random Forest and Gradient Boosting algorithms for predicting and analyzing the housing affordability price for middle-income earners in Petaling Jaya district, Malaysia. The dataset from Malaysia House Index by Petaling Jaya district used to evaluate based on the proposed algorithms. The dataset extracted based on residential property sub-sectors with three attributes. Based on the prediction models, as results, the Gradient Boosting algorithm shows higher accuracy of 74% for predicting affordable housing price in Petaling Jaya district, Malaysia compared to other prediction techniques. Keywords: Affordable housing price; Linear regression; Random forest and gradient boosting

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