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Gold Price Prediction using Random Forest algorithm to accurately forecast future gold prices based on historical data

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prachet283/ML-Project-8-Gold-Price-Prediction-WebApp

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Gold Price Prediction using Random Forest

This project aims to predict the price of gold using historical data and the Random Forest algorithm.

Dataset

The dataset used in this project is obtained from [source]. It contains historical data of gold prices and other relevant financial indicators.

Technologies Used

Python Streamlit scikit-learn

Exploratory Data Analysis (EDA)

EDA has been conducted to explore the dataset. This includes analyzing the distribution of gold prices, identifying outliers, and understanding the relationships between different features.

Random Forest Model

The Random Forest algorithm has been used to train the machine learning model for gold price prediction. The Random Forest algorithm is a powerful ensemble learning method used for regression tasks.

Evaluation

The model is evaluated using R-squared score. R Squared Error: 0.9892091367803421. The evaluation results help in understanding the performance of the model.

Results

The final model provides predictions for gold prices with a certain accuracy. The results are visualized using plots and graphs to show the actual vs. predicted prices.

Contributing

Contributions are welcome! If you have any improvements or suggestions, feel free to open a pull request or create an issue.

Deployment

The application is deployed using Streamlit. You can access it here = https://ml-project-8-gold-price-prediction-s7ye4yjuuzal5idhfppksf.streamlit.app/

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Gold Price Prediction using Random Forest algorithm to accurately forecast future gold prices based on historical data

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