Comparative Review of Machine Learning Models for Mobile Price Prediction Based on Specifications: A Systematic Literature Analysis
DOI:
https://doi.org/10.31849/digitalzone.v16i2.27096Keywords:
Mobile price prediction, Machine learning, Random Forest, Support Vector Machine, Feature importance, Specification-based pricingAbstract
This systematic literature review analyzes machine learning approaches for mobile phone price prediction based on device specifications through a comprehensive examination of 25 research studies from 2018 to 2024.The review reveals that ensemble methods, particularly Random Forest (achieving up to 97% accuracy) and Gradient Boosting (R² = 0.9829), consistently outperform individual algorithms across various datasets. Support Vector Machine models demonstrate superior classification performance with 96-97% accuracy, while neural networks show perfect best-performer ratios but remain underutilized (4.88% of implementations). The following keywords were used in this systematic review's extensive search strategy across IEEE Xplore, ACM Digital Library, ScienceDirect, and Google Scholar: ("mobile phone price prediction" OR "smartphone price prediction") AND ("machine learning" OR "artificial intelligence") AND ("specifications" OR "features") AND ("classification" OR "regression"). Strict inclusion/exclusion criteria were used to select 25 studies from an initial pool of 45 studies, with an emphasis on empirical research with quantitative performance metrics published between 2018 and 2024. The study reveals RAM, internal memory, battery capacity, and processor specifications as the key determining features for mobile phone pricing. According to the study, the primary factors influencing mobile phone pricing are processor specifications, RAM, internal memory, and battery capacity. This review identifies critical research gaps, including insufficient neural network exploration, poor dataset reporting practices (52% of studies omit dataset sizes), and lack of real-time market dynamics integration. The findings provide evidence-based guidance for researchers, manufacturers, and consumers in selecting optimal prediction algorithms and understanding key price-determining features in the evolving smartphone market. Study limitations include geographic bias toward specific markets represented in available datasets, limited access to proprietary datasets, and a primary focus on specification-based features that exclude market sentiment analysis
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