Data mining in real estate appraisal: a model tree and multivariate adaptive regression spline approach.

Authors :: Acciani, Claudio
Fucilli, Vincenzo
Sardaro, Ruggiero
Source :: Aestimum: Centro Studi di Estimo e di Economia Territoriale (Ce.S.E.T.). 2011, Vol. 58, p27-45. 19p. 2 Diagrams, 13 Charts, 1 Graph, 1 Map.
Publication Year :: 2011
Abstract: In this paper we adopt two exploratory modelling techniques: Model Trees and Multivariate Adaptive Regression Splines. The objective is the building of two sale price prediction models in order to highlight possible market segments not detectable a priori. We show how these novel procedures can help to understand complex patterns and interactions among predictors in real estate appraisal. [ABSTRACT FROM AUTHOR]

Subjects :: *DATA mining
*SPLINE theory
*A priori
*VALUATION of real property
*MARKET segmentation
*REAL estate appraisers

Language :: English
ISSN :: 15926117
Volume :: 58
Database :: Academic Search Index
Journal :: Aestimum: Centro Studi di Estimo e di Economia Territoriale (Ce.S.E.T.)
Publication Type :: Academic Journal
Accession number :: 65913099

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