Bike Sharing providers — Here’s a guide to boost up your business.
In this article, I present how a Machine Learning algorithm can help Bike Sharing providers to boost up their revenue numbers.
Bike sharing systems are gaining popularity worldwide, due to the flexibility that they provide to hire and return the bikes. You can hire a bike from a bike sharing provider, from your convenient location, for a short period and return it to any other station (also called dock) belonging to the provider as per your convenient location.
This is essentially a self-service and there are options at many places to access it via a mobile app. These services are usually available for one time use but various bike sharing providers also give a membership option.
It is fun to analyse a data set containing information based on various meteorological surveys and people’s styles and how we can use this information to produce some useful insights.
So we have a data set which has all the above information for an American Bike Sharing Company which wants to understand :
- Significant variables in predicting the demand for shared bikes.
- How well these variables describe the bike demands.
We will build a Multiple Linear Regression Model for predicting the demand for shared…
