An exploration of neural networks and its application to real estate valuation
E Worzala, M Lenk, A Silva - Journal of Real Estate Research, 1995 - aresjournals.org
This research applies neural network (NN) technology to real estate appraisal and
compares the performance of two NN models in estimating the sales price of residential
properties with a traditional multiple regression model. The study is based on 288 sales of
homes in Fort Collins, Colorado. Results do not support previous findings that NNs are a
superior tool for appraisal analysis. Furthermore, significant problems were encountered ...
compares the performance of two NN models in estimating the sales price of residential
properties with a traditional multiple regression model. The study is based on 288 sales of
homes in Fort Collins, Colorado. Results do not support previous findings that NNs are a
superior tool for appraisal analysis. Furthermore, significant problems were encountered ...
