Neural Network vs. Hedonic Price Model: Appraisal of High-Density Condominiums

2002 ◽  
pp. 181-198 ◽  
Author(s):  
K. C. Wong ◽  
Albert T. P. So ◽  
Y. C. Hung
Keyword(s):  
Neural Network ◽  
High Density ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

scholarly journals ENHANCING THE ACCURACY OF MALAYSIAN HOUSE PRICE FORECASTING: A COMPARATIVE ANALYSIS ON THE FORECASTING PERFORMANCE BETWEEN THE HEDONIC PRICE MODEL AND ARTIFICIAL NEURAL NETWORK MODEL

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Nurul Fazira Sa’at ◽  
Nurul Hana Adi Maimun ◽  
Nurul Hazrina Idris
Keyword(s):  
Neural Network ◽  
Artificial Neural Network ◽  
Artificial Neural Network Model ◽  
House Price ◽  
Predictive Performance ◽  
Hedonic Price Model ◽  
Price Forecasting ◽  
Hedonic Price ◽  
Price Model ◽  
Forecasting Performance

The Hedonic Price Model (HPM), a prominent model used in real estate appraisal and economics, has been argued to be marred with nonlinearity, multicollinearity and heteroscedasticity problems that affect the accuracy of price predictions. An alternative method called Artificial Neural Network Model (ANN) was identified as capable of addressing the shortcomings of HPM and produces superior predictive performance. Hence, this study aims to evaluate the forecasting performance between HPM and ANN using Malaysian housing transaction data from the period between 2009 to 2018, sourced from the Valuation and Property Service Department, Johor Bahru. The models’ performance was evaluated and compared based on their statistical and predictive performance. Results showed that ANN outperformed HPM in both statistical and predictive performance. This study benefits the expansion of academic and practical knowledge in enhancing the accuracy of house price forecasting.

Hedonic Price Model

2014 ◽  
pp. 2834-2837
Author(s):  
José-María Montero ◽  
Gema Fernández-Avilés
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

A hedonic price model of office rents

1998 ◽  
Vol 16 (3) ◽  
pp. 297-312 ◽  
Author(s):  
Neil Dunse ◽  
Colin Jones
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

scholarly journals Valuing water resources in Switzerland using a hedonic price model

2016 ◽  
Vol 52 (5) ◽  
pp. 3510-3526 ◽  
Author(s):  
Diana van Dijk ◽  
Rosi Siber ◽  
Roy Brouwer ◽  
Ivana Logar ◽  
Dorsa Sanadgol
Keyword(s):  
Water Resources ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model

A Hedonic Price Model for Rough Rice Bid/Acceptance Markets

1984 ◽  
Vol 66 (2) ◽  
pp. 156-163 ◽  
Author(s):  
B. Wade Brorsen ◽  
Warren R. Grant ◽  
M. Edward Rister
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Rough Rice
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