Mercari, a thriving e-commerce platform in the US and Japan, facilitates the seamless selling of unused items, boasting features like at-home pickups and same-day delivery. With over 350,000 daily listings, Mercari's popularity underscores its significance in users' lives.
The business problem at hand involves predicting the price of products based on their details, framing it as a Regression Problem in machine learning, where the output is a real number representing the price.
The metric that we are using here is Root Mean Squared Logarithmic Error.
The challenge at hand involves developing a robust pricing model that takes into account various factors influencing product valuations on Mercari, including brand, condition, and demand, to provide fair and competitive price suggestions.
The exploration of the dataset and its nuances is presented through an in-depth Exploratory Data Analysis (EDA), revealing crucial insights that guide subsequent model development. The process of data preprocessing is detailed to ensure that the dataset is cleaned and transformed for optimal model training.
The project proceeds with the introduction and evaluation of a benchmark solution, providing a baseline for performance comparison. Subsequent sections detail the iterative development of a first-cut solution and the exploration of deep learning-based techniques for addressing the price suggestion problem.
Results of ML Models
Note: For detailed description check out the blog and Github Repository