IDEAS home Printed from https://ideas.repec.org/a/vrs/remava/v23y2015i2p102-111n9.html
   My bibliography  Save this article

Use of Statistical Models for Simulating Transactions on the Real Estate Market

Author

Listed:
  • Cellmer Radosław

    (assoc. prof., PhD The Faculty of Geodesy, Geospatial and Civil Engineering University of Warmia and Mazury in Olsztyn)

  • Szczepankowska Katarzyna

    (M. Sc. The Faculty of Geodesy, Geospatial and Civil Engineering University of Warmia and Mazury in Olsztyn)

Abstract

The regularities and relations between real estate prices and the factors that shape them may be presented in the form of statistical models, thanks to which the diagnosis and prediction of prices is possible. A formal description of empirical observation presented in the form of regressive models also offers a possibility for creating certain phenomena in a virtual dimension. Market phenomena cannot be fully described with the use of determinist models, which clarify only a part of price variation. The predicted price is, in this situation, a special case of implementing a random function. Assuming that other implementations are also possible, regressive models may constitute a basis for simulation, which results in the procurement of a future image of the market.

Suggested Citation

  • Cellmer Radosław & Szczepankowska Katarzyna, 2015. "Use of Statistical Models for Simulating Transactions on the Real Estate Market," Real Estate Management and Valuation, Sciendo, vol. 23(2), pages 102-111, June.
    • Handle: RePEc:vrs:remava:v:23:y:2015:i:2:p:102-111:n:9
    DOI: 10.1515/remav-2015-0019
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/remav-2015-0019
    Download Restriction: no
    File URL: https://libkey.io/10.1515/remav-2015-0019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:remava:v:23:y:2015:i:2:p:102-111:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.