Price and Spatial Distribution of Office Rental in Madrid: A Decision Tree Analysis

In this paper, we assess the drivers of office rental prices in the municipality of Madrid with a sample of 4,721 offices in March, 2020. The estimation was performed using the decision tree approach, which was built with a random forest algorithm. This technique allows us to capture the strong nonl...

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Bibliographic Details
Main Authors: Máximo Camacho, Salvador Ramallo, Manuel Ruiz
Format: Article
Language:English
Published: Pontificia Universidad Católica del Perú 2021-05-01
Series:Economía
Subjects:
Online Access:http://revistas.pucp.edu.pe/index.php/economia/article/view/23752