A Neural Network Technique for Detecting and Modelling Residential Property Sub-Markets

Author(s):  
O. M. Lewis ◽  
J. A. Ware ◽  
D. Jenkins
2004 ◽  
Vol 7 (1) ◽  
pp. 121-138
Author(s):  
Xin J. Ge ◽  
◽  
G. Runeson ◽  

This paper develops a forecasting model of residential property prices for Hong Kong using an artificial neural network approach. Quarterly time-series data are applied for testing and the empirical results suggest that property price index, lagged one period, rental index, and the number of agreements for sales and purchases of units are the major determinants of the residential property price performance in Hong Kong. The results also suggest that the neural network methodology has the ability to learn, generalize, and converge time series.


1997 ◽  
Vol 5 (4) ◽  
pp. 224-229 ◽  
Author(s):  
O. M. Lewis ◽  
J. A. Ware ◽  
D. Jenkins

2011 ◽  
Vol 271-273 ◽  
pp. 1638-1643
Author(s):  
Zhang Xiaoli

In order to predict the new residential property market price, a Fuzzy Neural Network (FNN) prediction model was proposed. It was used to estimate the appropriate price level for a new property by learning from historical data on the correlations between various factors that influence the prices of properties and the actual selling prices. In particular, an artificial neural network prediction model was developed to compare it accuracy with the fuzzy neural network prediction model. The experimental results show that the fuzzy neural network prediction model has strong function approximation ability and is suitable for residential properties price prediction depending on the quality of the available data.


2000 ◽  
Vol 25 (4) ◽  
pp. 325-325
Author(s):  
J.L.N. Roodenburg ◽  
H.J. Van Staveren ◽  
N.L.P. Van Veen ◽  
O.C. Speelman ◽  
J.M. Nauta ◽  
...  

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