Start up business solution using machine learning

Abstract

In the present time data science and artificial intelligence is taking charge of every aspect in our life to make our lives more easy and comfortable. Machine learning is an approach to achieve artificial intelligence and train machine to predict based on the given set of data. We propose and demonstrate a model using machine learning approach and apply it on the market research sector to analyze how successful or unsuccessful will be a business in a particular area. The proposed model enables analyzing the existing businesses and their success according to the population, business type, and product price, customer type to build correlation among business, area and people. This will allow us to predict the behavior of different type of people towards different type of business product, business type, and business location. We used some existing machine learning algorithm to train and evaluate our model and predict the probability of success of a startup in a particular area.