The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses
In the traditional approach, geostatistical modeling involves analyses of the spatial structure of regionalized data, as well as estimations and simulations that rely on kriging methods. Geostatistical methods can complement traditional statistical models of property transaction prices, and when com...
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| Format: | Article |
| Language: | English |
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Sciendo
2014-10-01
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| Series: | Real Estate Management and Valuation |
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| Online Access: | https://doi.org/10.2478/remav-2014-0027 |
| _version_ | 1819007359596363776 |
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| author | Cellmer Radosław |
| author_facet | Cellmer Radosław |
| author_sort | Cellmer Radosław |
| collection | DOAJ |
| description | In the traditional approach, geostatistical modeling involves analyses of the spatial structure of regionalized data, as well as estimations and simulations that rely on kriging methods. Geostatistical methods can complement traditional statistical models of property transaction prices, and when combined with those models, they offer a comprehensive tool for spatial analysis that is used in the process of developing land value maps. Transaction prices are characterized by mutual spatial correlations and can be considered as regionalized variables. They can also be regarded as random variables that have a local character and a specific probability distribution. |
| first_indexed | 2024-12-21T00:23:20Z |
| format | Article |
| id | doaj.art-95dcf5bbc2f940e68ea044b523563c62 |
| institution | Directory Open Access Journal |
| issn | 2300-5289 |
| language | English |
| last_indexed | 2024-12-21T00:23:20Z |
| publishDate | 2014-10-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Real Estate Management and Valuation |
| spelling | doaj.art-95dcf5bbc2f940e68ea044b523563c622022-12-21T19:22:03ZengSciendoReal Estate Management and Valuation2300-52892014-10-01223546210.2478/remav-2014-0027remav-2014-0027The Possibilities and Limitations of Geostatistical Methods in Real Estate Market AnalysesCellmer Radosław0Faculty of Geodesy and Land Management University of Warmia and Mazury in OlsztynIn the traditional approach, geostatistical modeling involves analyses of the spatial structure of regionalized data, as well as estimations and simulations that rely on kriging methods. Geostatistical methods can complement traditional statistical models of property transaction prices, and when combined with those models, they offer a comprehensive tool for spatial analysis that is used in the process of developing land value maps. Transaction prices are characterized by mutual spatial correlations and can be considered as regionalized variables. They can also be regarded as random variables that have a local character and a specific probability distribution.https://doi.org/10.2478/remav-2014-0027real estate marketgeostatisticssemivariogramkriging |
| spellingShingle | Cellmer Radosław The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses Real Estate Management and Valuation real estate market geostatistics semivariogram kriging |
| title | The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses |
| title_full | The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses |
| title_fullStr | The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses |
| title_full_unstemmed | The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses |
| title_short | The Possibilities and Limitations of Geostatistical Methods in Real Estate Market Analyses |
| title_sort | possibilities and limitations of geostatistical methods in real estate market analyses |
| topic | real estate market geostatistics semivariogram kriging |
| url | https://doi.org/10.2478/remav-2014-0027 |
| work_keys_str_mv | AT cellmerradosław thepossibilitiesandlimitationsofgeostatisticalmethodsinrealestatemarketanalyses AT cellmerradosław possibilitiesandlimitationsofgeostatisticalmethodsinrealestatemarketanalyses |