The exact prediction of housing selling prices is a relevant issue for real estate market, also to evaluate alternative forms of financial investment. In this paper a hedonic price function built through a semiparametric additive model is implemented. This model use penalized spline functions and aims to achieve a significant improvement in the prediction of the market price of the properties.
Spline Smoothing for Estimating Hedonic Housing Price Models
MANGANELLI, BENEDETTO;
2015-01-01
Abstract
The exact prediction of housing selling prices is a relevant issue for real estate market, also to evaluate alternative forms of financial investment. In this paper a hedonic price function built through a semiparametric additive model is implemented. This model use penalized spline functions and aims to achieve a significant improvement in the prediction of the market price of the properties.File in questo prodotto:
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