A multi-objective analysis model in mass real estate appraisal Online publication date: Wed, 17-Jan-2018
by Benedetto Manganelli; Pierfrancesco De Paola; Vincenzo Del Giudice
International Journal of Business Intelligence and Data Mining (IJBIDM), Vol. 13, No. 4, 2018
Abstract: The purpose of this research is to analyse the performance of a real estate valuation model based on the multi objective decision making methods. The optimal price function is achieved with the goal programming model. The price function which is described as the sum of the individual objectives (criteria), and the goals are the prices of comparable properties. The model integrates with the inductive and deductive approach overcomes many of the assumptions of the best known statistical approaches. The evaluation of the proposed model is performed by comparing the results obtained by the application, to the same case study, of a multiple linear regression model and a nonlinear regression method based on penalised spline smoothing model. The comparison shows, first of all, the best interpretation capabilities of the proposed model.
Online publication date: Wed, 17-Jan-2018
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Intelligence and Data Mining (IJBIDM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com