Dynamic Pricing And Demand Forecasting For Car Rentals Using Python


This project presents a Python-based system for dynamic pricing and demand forecasting for car rentals , focusing on improving price accuracy, operational efficiency, and data-driven decision-making. Car rental agencies often struggle with setting optimal rental prices due to varying factors such as vehicle type, age, mileage, location, demand fluctuations, and customer usage patterns. To address this, the proposed system integrates data collection, preprocessing, analysis, rule-based training, and a user interface into a complete pricing workflow. In the existing system, rental prices are generally determined manually based on fixed charts, staff experience, or broad assumptions about market demand. These static methods do not evaluate historical trends, do not adapt to seasonal or regional variations, and cannot analyze multiple influencing factors simultaneously. As a result, pricing becomes inconsistent, less competitive, and may lead to revenue loss or customer dissatisfaction. Demand forecasting is also rarely automated, leaving agencies unable to predict which vehicles will be in high demand at specific times. The proposed system overcomes these limitations using a structured Python-based pipeline. First, historical rental datasets are collected and loaded into Python.
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