Real estate evaluation model based on the method of least squares
New way of estimating of real estate market value, based on the least squares method, was presented in the article. Testing of applying same ideas of statistical approach into the routine way of appraisal of particular immovable estate shown that the proposed way of valuation is under some circumsta...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Lublin University of Technology
2010-12-01
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| Series: | Budownictwo i Architektura |
| Subjects: | |
| Online Access: | https://ph.pollub.pl/index.php/bia/article/view/2276 |
| _version_ | 1797288385732149248 |
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| author | Jacek Zyga |
| author_facet | Jacek Zyga |
| author_sort | Jacek Zyga |
| collection | DOAJ |
| description | New way of estimating of real estate market value, based on the least squares method, was presented in the article. Testing of applying same ideas of statistical approach into the routine way of appraisal of particular immovable estate shown that the proposed way of valuation is under some circumstances as good as the “in-pairs comparing” method, the most universal one from among methods of comparing approach. Although “in-pairs comparing” method is regarded as the most accurate one, conducted experiments clearly shown its own, inherent limits, that radically restrict the field of its use. |
| first_indexed | 2024-03-07T18:48:35Z |
| format | Article |
| id | doaj.art-a7b533f68e6f428ab0a38bc688e58232 |
| institution | Directory Open Access Journal |
| issn | 1899-0665 2544-3275 |
| language | English |
| last_indexed | 2024-03-07T18:48:35Z |
| publishDate | 2010-12-01 |
| publisher | Lublin University of Technology |
| record_format | Article |
| series | Budownictwo i Architektura |
| spelling | doaj.art-a7b533f68e6f428ab0a38bc688e582322024-03-02T02:06:18ZengLublin University of TechnologyBudownictwo i Architektura1899-06652544-32752010-12-017210.35784/bud-arch.2276Real estate evaluation model based on the method of least squares Jacek Zyga0Chair of Geotechnics; Faculty of Engineering and Architecture; Lublin University of TechnologyNew way of estimating of real estate market value, based on the least squares method, was presented in the article. Testing of applying same ideas of statistical approach into the routine way of appraisal of particular immovable estate shown that the proposed way of valuation is under some circumstances as good as the “in-pairs comparing” method, the most universal one from among methods of comparing approach. Although “in-pairs comparing” method is regarded as the most accurate one, conducted experiments clearly shown its own, inherent limits, that radically restrict the field of its use.https://ph.pollub.pl/index.php/bia/article/view/2276real estate valuationreal estate pricingin pairs comparison methodthe method of least squares |
| spellingShingle | Jacek Zyga Real estate evaluation model based on the method of least squares Budownictwo i Architektura real estate valuation real estate pricing in pairs comparison method the method of least squares |
| title | Real estate evaluation model based on the method of least squares |
| title_full | Real estate evaluation model based on the method of least squares |
| title_fullStr | Real estate evaluation model based on the method of least squares |
| title_full_unstemmed | Real estate evaluation model based on the method of least squares |
| title_short | Real estate evaluation model based on the method of least squares |
| title_sort | real estate evaluation model based on the method of least squares |
| topic | real estate valuation real estate pricing in pairs comparison method the method of least squares |
| url | https://ph.pollub.pl/index.php/bia/article/view/2276 |
| work_keys_str_mv | AT jacekzyga realestateevaluationmodelbasedonthemethodofleastsquares |