An explainable model for the mass appraisal of residences: The application of tree-based Machine Learning algorithms and interpretation of value determinants

MC Iban - Habitat international, 2022 - Elsevier
In the mass appraisal of properties, Machine Learning (ML) algorithms have produced
effective and promising results. Analysts use various algorithms to train their models with …

Artificial neural network in property valuation: application framework and research trend

RB Abidoye, APC Chan - Property Management, 2017 - emerald.com
Purpose The predictive accuracy and reliability of artificial intelligence models, such as the
artificial neural network (ANN), has led to its application in property valuation studies …

The application of intelligent hybrid techniques for the mass appraisal of residential properties

W McCluskey, S Anand - Journal of Property Investment & Finance, 1999 - emerald.com
Hybrid systems as the next generation of intelligent applications within the field of mass
appraisal and valuation are investigated. Motivated by the obvious limitations of paradigms …

Determinants of house prices in Turkey: Hedonic regression versus artificial neural network

H Selim - Expert systems with Applications, 2009 - Elsevier
Determinants of house prices in Turkey are examined in this paper using the 2004
Household Budget Survey Data. In property valuation and housing market research, the …

Prediction accuracy in mass appraisal: a comparison of modern approaches

WJ McCluskey, M McCord, PT Davis… - Journal of Property …, 2013 - Taylor & Francis
The advancement of computational software within the last decade has facilitated enhanced
uptake of mass appraisal methodologies by the valuation and prediction accuracy in …

Environmental variables and real estate prices

A Din, M Hoesli, A Bender - Urban studies, 2001 - journals.sagepub.com
The aim of this paper is to compare various real estate valuation models and the manner in
which they take into account environmental variables. The reference model is taken to be a …

Improving property valuation accuracy: A comparison of hedonic pricing model and artificial neural network

RB Abidoye, APC Chan - Pacific Rim Property Research Journal, 2018 - Taylor & Francis
Inaccuracies in property valuation is a global problem. This could be attributed to the
adoption of valuation approaches, with the hedonic pricing model (HPM) being an example …

Impact of artificial neural networks training algorithms on accurate prediction of property values

JA Yacim, DGB Boshoff - Journal of Real Estate Research, 2018 - Taylor & Francis
This study extended the use of artificial neural networks (ANNs) training algorithms in mass
appraisal. The goal was to verify the comparative performance of ANNs with linear, semi-log …

Who performs better? AVMs vs hedonic models

A Valier - Journal of Property Investment & Finance, 2020 - emerald.com
Purpose In the literature there are numerous tests that compare the accuracy of automated
valuation models (AVMs). These models first train themselves with price data and property …

Boosted tree ensembles for artificial intelligence based automated valuation models (AI-AVM)

TF Sing, JJ Yang, SM Yu - The Journal of Real Estate Finance and …, 2021 - Springer
This paper develops an artificial intelligence based automated valuation model (AI-AVM)
using the boosting tree ensemble technique to predict housing prices in Singapore. We use …