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GERPM: A Geographically Weighted Stacking Ensemble Learning-Based Urban Residential Rents Prediction Model.

Authors :
Hu, Guang
Tang, Yue
Source :
Mathematics (2227-7390); Jul2023, Vol. 11 Issue 14, p3160, 36p
Publication Year :
2023

Abstract

Accurate prediction of urban residential rents is of great importance for landlords, tenants, and investors. However, existing rents prediction models face challenges in meeting practical demands due to their limited perspectives and inadequate prediction performance. The existing individual prediction models often lack satisfactory accuracy, while ensemble learning models that combine multiple individual models to improve prediction results often overlook the impact of spatial heterogeneity on residential rents. To address these issues, this paper proposes a novel prediction model called GERPM, which stands for Geographically Weighted Stacking Ensemble Learning-Based Urban Residential Rents Prediction Model. GERPM comprehensively analyzes the influencing factors of residential rents from multiple perspectives and leverages a geographically weighted stacking ensemble learning approach. The model combines multiple machine learning and deep learning models, optimizes parameters to achieve optimal predictions, and incorporates the geographically weighted regression (GWR) model to consider spatial heterogeneity. By combining the strengths of deep learning and machine learning models and taking into account geographical factors, GERPM aims to improve prediction accuracy and provide robust predictions for urban residential rents. The model is evaluated using housing data from Nanjing, a major city in China, and compared with representative individual prediction models, the equal weight combination model, and the ensemble learning model. The experimental results demonstrate that GERPM outperforms other models in terms of prediction performance. Furthermore, the model's effectiveness and robustness are validated by applying it to other major cities in China, such as Shanghai and Hangzhou. Overall, GERPM shows promising potential in accurately predicting urban residential rents and contributing to the advancement of the rental market. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22277390
Volume :
11
Issue :
14
Database :
Complementary Index
Journal :
Mathematics (2227-7390)
Publication Type :
Academic Journal
Accession number :
169713193
Full Text :
https://doi.org/10.3390/math11143160