The document discusses a hackathon challenge to build a predictive model for quick surge price prediction for a cab aggregator. The problem statement involves predicting surge pricing type for Sigma Cabs using their historical data. The author performs preliminary understanding of the data, including handling missing values. Correlation analysis removes a correlated variable. Exploratory data analysis is done to understand proprietary index variables and the target variable distribution. Various machine learning models like Random Forest and XGBost are tested, with XGBost and hyperparameter tuning achieving the best accuracy of 0.6966 on train and 0.7015 on test data.