scholarly journals Real estate evaluation model based on the method of least squares

2010 ◽  
Vol 7 (2) ◽  
pp. 155-162
Author(s):  
Jacek Zyga

 New way of estimating of real estate market value, based on the least squares method, was presented in the article. Testing of applying same ideas of statistical approach into the routine way of appraisal of particular immovable estate shown that the proposed way of valuation is under some circumstances as good as the “in-pairs comparing” method, the most universal one from among methods of comparing approach. Although “in-pairs comparing” method is regarded as the most accurate one, conducted experiments clearly shown its own, inherent limits, that radically restrict the field of its use.

Vestnik MGSU ◽  
2015 ◽  
pp. 140-151 ◽  
Author(s):  
Aleksey Alekseevich Loktev ◽  
Daniil Alekseevich Loktev

In modern integrated monitoring systems and systems of automated control of technological processes there are several essential algorithms and procedures for obtaining primary information about an object and its behavior. The primary information is characteristics of static and moving objects: distance, speed, position in space etc. In order to obtain such information in the present work we proposed to use photos and video detectors that could provide the system with high-quality images of the object with high resolution. In the modern systems of video monitoring and automated control there are several ways of obtaining primary data on the behaviour and state of the studied objects: a multisensor approach (stereovision), building an image perspective, the use of fixed cameras and additional lighting of the object, and a special calibration of photo or video detector.In the present paper the authors develop a method of determining the distances to objects by analyzing a series of images using depth evaluation using defocusing. This method is based on the physical effect of the dependence of the determined distance to the object on the image from the focal length or aperture of the lens. When focusing the photodetector on the object at a certain distance, the other objects both closer and farther than a focal point, form a spot of blur depending on the distance to them in terms of images. Image blur of an object can be of different nature, it may be caused by the motion of the object or the detector, by the nature of the image boundaries of the object, by the object’s aggregate state, as well as by different settings of the photo-detector (focal length, shutter speed and aperture).When calculating the diameter of the blur spot it is assumed that blur at the point occurs equally in all directions. For more precise estimates of the geometrical parameters determination of the behavior and state of the object under study a statistical approach is used to determine the individual parameters and estimate their accuracy. A statistical approach is used to evaluate the deviation of the dependence of distance from the blur from different types of standard functions (logarithmic, exponential, linear). In the statistical approach the evaluation method of least squares and the method of least modules are included, as well as the Bayesian estimation, for which it is necessary to minimize the risks under different loss functions (quadratic, rectangular, linear) with known probability density (we consider normal, lognormal, Laplace, uniform distribution). As a result of the research it was established that the error variance of a function, the parameters of which are estimated using the least squares method, will be less than the error variance of the method of least modules, that is, the evaluation method of least squares is more stable. Also the errors’ estimation when using the method of least squares is unbiased, whereas the mathematical expectation when using the method of least modules is not zero, which indicates the displacement of error estimations. Therefore it is advisable to use the least squares method in the determination of the parameters of the function.In order to smooth out the possible outliers we use the Kalman filter to process the results of the initial observations and evaluation analysis, the method of least squares and the method of least three standard modules for the functions after applying the filter with different coefficients.


2020 ◽  
Vol 12 (13) ◽  
pp. 5267 ◽  
Author(s):  
Vincenzo Del Giudice ◽  
Pierfrancesco De Paola ◽  
Paolo Bevilacqua ◽  
Alessio Pino ◽  
Francesco Paolo Del Giudice

The paper illustrates the phases and results of an evaluation model applied to abandoned industrial areas affected by critical environmental pollution. The main aim is to provide the economic evaluation of the impacts of critical environmental pollution on the market value of the areas, in anticipation of their future requalification and refunctionalization. Firstly, two mass appraisal models are applied: a regressive model in order to isolate the effects of real estate valorization generated by the requalification interventions of the abandoned steel mill areas of Bagnoli in Naples (Italy); an autoregressive model in relation to the chronology of the interventions and the real estate market dynamics, in order to predict values and costs of the building products to be realized on the areas. Subsequently, using the Ellwood model, the irreversible damage suffered by the areas in question due to the effect of critical environmental pollution is estimated. This irreversible damage corresponds to a “stigma” effect, or a loss to property value due to the presence of a risk perception-driven market resistance: for the abandoned steel mill areas of Bagnoli the reduction in the market value is equal to 28.63% approximately. The state of contamination of the areas is also described, estimating the related environmental remediation costs as a “deduction” to be applied to the “capital value” of the areas.


2009 ◽  
Vol 419-420 ◽  
pp. 305-308
Author(s):  
Fan Wen Meng ◽  
Lu Shen Wu ◽  
Qing Jin Peng

An object has to be measured to recover its 3D shape in reverse engineering applications. The object surface is sampled point by point using a fringe projection. The method of least squares is used to match overlapping surfaces to estimate transformation parameters between a local coordinate system and the template coordinate system. The Gauss–Markoff model can minimize the sum of squares of Euclidean distances between surfaces for matching arbitrarily oriented 3D surface patches. This research uses the least squares method for the registration of point clouds. A relief example shows the feasibility of the proposed method. It takes about 4 seconds for the registration of 1531209 points with the error less than 0.03mm, and the iteration number is only 20. The surface profile is complete and smooth after the registration, which can meet the requirement of surface reconstruction.


2021 ◽  
Vol 33 (6) ◽  
pp. 1-16
Author(s):  
Delong Zhu

The sudden attack of the new crown virus in 2020 has brought an unprecedented impact on the real estate market economy and has completely disrupted people's work and life rhythm! With the rapid development of the Internet, the Internet has penetrated into all aspects of people's lives. As soon as e-commerce was introduced, it was loved by the majority of young people and brought tremendous changes to people's lives. Based on this, this paper studies a real estate virtual e-commerce model based on big data. In the study of this model, this paper combines the advantages of e-commerce and virtual communities to design a more effective virtual e-commerce model. The analysis of e-commerce and virtual communities shows that the virtual e-commerce model designed in this paper is a more effective model, and the real estate virtual e-commerce model based on big data technology can serve the real estate industry. Do a good job in the sales reform of the real estate industry.


2020 ◽  
Vol 13 (4) ◽  
pp. 38-53
Author(s):  
Valentinas Navickas ◽  
Tomas Skripkiūnas ◽  
Justyna Tanas ◽  
Maria Trojanek

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