Nonparametric methods with applications to hedonic models
RK Pace - The Journal of Real Estate Finance and Economics, 1993 - Springer
Current real estate statistical valuation involves the estimation of parameters within a posited
specification. Suchparametric estimation requires judgment concerning model (1) variables;
and (2) functional form. In contrast, nonparametric regression estimation requires attention to
(1) but permits greatly reduced attention to (2). Parametric estimators functionally model the
parameters and variables affectingE (y¦ x) while nonparametric estimators directly ...
specification. Suchparametric estimation requires judgment concerning model (1) variables;
and (2) functional form. In contrast, nonparametric regression estimation requires attention to
(1) but permits greatly reduced attention to (2). Parametric estimators functionally model the
parameters and variables affectingE (y¦ x) while nonparametric estimators directly ...
