Eintrag weiter verarbeiten
Linear and Nonlinear Weighing of Property Features
Gespeichert in:
| Zeitschriftentitel: | Real Estate Management and Valuation |
|---|---|
| Personen und Körperschaften: | |
| In: | Real Estate Management and Valuation, 27, 2019, 1, S. 59-68 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Walter de Gruyter GmbH
|
| author_facet |
Barańska, Anna Barańska, Anna |
|---|---|
| author |
Barańska, Anna |
| spellingShingle |
Barańska, Anna Real Estate Management and Valuation Linear and Nonlinear Weighing of Property Features |
| author_sort |
barańska, anna |
| spelling |
Barańska, Anna 2300-5289 Walter de Gruyter GmbH http://dx.doi.org/10.2478/remav-2019-0006 <jats:title>Abstract</jats:title> <jats:p>Determining the weights of market features of real estate in explaining their prices is one of the basic objectives of market analysis, performed as part of the property value estimation process. In practice, property appraisers usually settle for basic methods of determining weights, for example based on the principle of ceteris paribus or on the basis of linear correlation coefficients. The article proposes the use of curvilinear correlation coefficients for this purpose; an attempt of such use was made and the obtained results were compared with the weights determined on the basis of linear correlations. The conducted analyses proved that the inclusion of curvilinear correlations at the stage of market analysis, allows for extracting a greater number of features recognized as price-creating, i.e. leads to a smaller loss of market information and is a more reliable tool for determining the weights of attributes in price explanation.</jats:p> Linear and Nonlinear Weighing of Property Features Real Estate Management and Valuation |
| doi_str_mv |
10.2478/remav-2019-0006 |
| facet_avail |
Online Free |
| format |
ElectronicArticle |
| fullrecord |
blob:ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9yZW1hdi0yMDE5LTAwMDY |
| id |
ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9yZW1hdi0yMDE5LTAwMDY |
| institution |
DE-15 DE-Pl11 DE-Rs1 DE-105 DE-14 DE-Ch1 DE-L229 DE-D275 DE-Bn3 DE-Brt1 DE-Zwi2 DE-D161 DE-Gla1 DE-Zi4 |
| imprint |
Walter de Gruyter GmbH, 2019 |
| imprint_str_mv |
Walter de Gruyter GmbH, 2019 |
| issn |
2300-5289 |
| issn_str_mv |
2300-5289 |
| language |
English |
| mega_collection |
Walter de Gruyter GmbH (CrossRef) |
| match_str |
baranska2019linearandnonlinearweighingofpropertyfeatures |
| publishDateSort |
2019 |
| publisher |
Walter de Gruyter GmbH |
| recordtype |
ai |
| record_format |
ai |
| series |
Real Estate Management and Valuation |
| source_id |
49 |
| title |
Linear and Nonlinear Weighing of Property Features |
| title_unstemmed |
Linear and Nonlinear Weighing of Property Features |
| title_full |
Linear and Nonlinear Weighing of Property Features |
| title_fullStr |
Linear and Nonlinear Weighing of Property Features |
| title_full_unstemmed |
Linear and Nonlinear Weighing of Property Features |
| title_short |
Linear and Nonlinear Weighing of Property Features |
| title_sort |
linear and nonlinear weighing of property features |
| url |
http://dx.doi.org/10.2478/remav-2019-0006 |
| publishDate |
2019 |
| physical |
59-68 |
| description |
<jats:title>Abstract</jats:title>
<jats:p>Determining the weights of market features of real estate in explaining their prices is one of the basic objectives of market analysis, performed as part of the property value estimation process. In practice, property appraisers usually settle for basic methods of determining weights, for example based on the principle of ceteris paribus or on the basis of linear correlation coefficients. The article proposes the use of curvilinear correlation coefficients for this purpose; an attempt of such use was made and the obtained results were compared with the weights determined on the basis of linear correlations. The conducted analyses proved that the inclusion of curvilinear correlations at the stage of market analysis, allows for extracting a greater number of features recognized as price-creating, i.e. leads to a smaller loss of market information and is a more reliable tool for determining the weights of attributes in price explanation.</jats:p> |
| container_issue |
1 |
| container_start_page |
59 |
| container_title |
Real Estate Management and Valuation |
| container_volume |
27 |
| format_de105 |
Article, E-Article |
| format_de14 |
Article, E-Article |
| format_de15 |
Article, E-Article |
| format_de520 |
Article, E-Article |
| format_de540 |
Article, E-Article |
| format_dech1 |
Article, E-Article |
| format_ded117 |
Article, E-Article |
| format_degla1 |
E-Article |
| format_del152 |
Buch |
| format_del189 |
Article, E-Article |
| format_dezi4 |
Article |
| format_dezwi2 |
Article, E-Article |
| format_finc |
Article, E-Article |
| format_nrw |
Article, E-Article |
| _version_ |
1792330517638545410 |
| geogr_code |
not assigned |
| last_indexed |
2024-03-01T13:26:20.805Z |
| geogr_code_person |
not assigned |
| openURL |
url_ver=Z39.88-2004&ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fvufind.svn.sourceforge.net%3Agenerator&rft.title=Linear+and+Nonlinear+Weighing+of+Property+Features&rft.date=2019-03-01&genre=article&issn=2300-5289&volume=27&issue=1&spage=59&epage=68&pages=59-68&jtitle=Real+Estate+Management+and+Valuation&atitle=Linear+and+Nonlinear+Weighing+of+Property+Features&aulast=Bara%C5%84ska&aufirst=Anna&rft_id=info%3Adoi%2F10.2478%2Fremav-2019-0006&rft.language%5B0%5D=eng |
| SOLR | |
| _version_ | 1792330517638545410 |
| author | Barańska, Anna |
| author_facet | Barańska, Anna, Barańska, Anna |
| author_sort | barańska, anna |
| container_issue | 1 |
| container_start_page | 59 |
| container_title | Real Estate Management and Valuation |
| container_volume | 27 |
| description | <jats:title>Abstract</jats:title> <jats:p>Determining the weights of market features of real estate in explaining their prices is one of the basic objectives of market analysis, performed as part of the property value estimation process. In practice, property appraisers usually settle for basic methods of determining weights, for example based on the principle of ceteris paribus or on the basis of linear correlation coefficients. The article proposes the use of curvilinear correlation coefficients for this purpose; an attempt of such use was made and the obtained results were compared with the weights determined on the basis of linear correlations. The conducted analyses proved that the inclusion of curvilinear correlations at the stage of market analysis, allows for extracting a greater number of features recognized as price-creating, i.e. leads to a smaller loss of market information and is a more reliable tool for determining the weights of attributes in price explanation.</jats:p> |
| doi_str_mv | 10.2478/remav-2019-0006 |
| facet_avail | Online, Free |
| format | ElectronicArticle |
| format_de105 | Article, E-Article |
| format_de14 | Article, E-Article |
| format_de15 | Article, E-Article |
| format_de520 | Article, E-Article |
| format_de540 | Article, E-Article |
| format_dech1 | Article, E-Article |
| format_ded117 | Article, E-Article |
| format_degla1 | E-Article |
| format_del152 | Buch |
| format_del189 | Article, E-Article |
| format_dezi4 | Article |
| format_dezwi2 | Article, E-Article |
| format_finc | Article, E-Article |
| format_nrw | Article, E-Article |
| geogr_code | not assigned |
| geogr_code_person | not assigned |
| id | ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjQ3OC9yZW1hdi0yMDE5LTAwMDY |
| imprint | Walter de Gruyter GmbH, 2019 |
| imprint_str_mv | Walter de Gruyter GmbH, 2019 |
| institution | DE-15, DE-Pl11, DE-Rs1, DE-105, DE-14, DE-Ch1, DE-L229, DE-D275, DE-Bn3, DE-Brt1, DE-Zwi2, DE-D161, DE-Gla1, DE-Zi4 |
| issn | 2300-5289 |
| issn_str_mv | 2300-5289 |
| language | English |
| last_indexed | 2024-03-01T13:26:20.805Z |
| match_str | baranska2019linearandnonlinearweighingofpropertyfeatures |
| mega_collection | Walter de Gruyter GmbH (CrossRef) |
| physical | 59-68 |
| publishDate | 2019 |
| publishDateSort | 2019 |
| publisher | Walter de Gruyter GmbH |
| record_format | ai |
| recordtype | ai |
| series | Real Estate Management and Valuation |
| source_id | 49 |
| spelling | Barańska, Anna 2300-5289 Walter de Gruyter GmbH http://dx.doi.org/10.2478/remav-2019-0006 <jats:title>Abstract</jats:title> <jats:p>Determining the weights of market features of real estate in explaining their prices is one of the basic objectives of market analysis, performed as part of the property value estimation process. In practice, property appraisers usually settle for basic methods of determining weights, for example based on the principle of ceteris paribus or on the basis of linear correlation coefficients. The article proposes the use of curvilinear correlation coefficients for this purpose; an attempt of such use was made and the obtained results were compared with the weights determined on the basis of linear correlations. The conducted analyses proved that the inclusion of curvilinear correlations at the stage of market analysis, allows for extracting a greater number of features recognized as price-creating, i.e. leads to a smaller loss of market information and is a more reliable tool for determining the weights of attributes in price explanation.</jats:p> Linear and Nonlinear Weighing of Property Features Real Estate Management and Valuation |
| spellingShingle | Barańska, Anna, Real Estate Management and Valuation, Linear and Nonlinear Weighing of Property Features |
| title | Linear and Nonlinear Weighing of Property Features |
| title_full | Linear and Nonlinear Weighing of Property Features |
| title_fullStr | Linear and Nonlinear Weighing of Property Features |
| title_full_unstemmed | Linear and Nonlinear Weighing of Property Features |
| title_short | Linear and Nonlinear Weighing of Property Features |
| title_sort | linear and nonlinear weighing of property features |
| title_unstemmed | Linear and Nonlinear Weighing of Property Features |
| url | http://dx.doi.org/10.2478/remav-2019-0006 |