Mass appraisal of residential apartments: An application of Random forest for valuation and a CART-based approach for model diagnostics
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Keywords
Random forest; mass appraisal; CART; model diagnostics; real estate; automatic valuation model;JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2011-01-03 (All new papers)
- NEP-CMP-2011-01-03 (Computational Economics)
- NEP-ECM-2011-01-03 (Econometrics)
- NEP-URE-2011-01-03 (Urban & Real Estate Economics)
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