High-tech valuation: should artificial neural networks bypass the human valuer?
MM Lenk, EM Worzala, A Silva - Journal of Property Valuation …, 1997 - emeraldinsight.com
Compares the predictive performance of artificial neural networks to hedonic pricing models,
a more traditional valuation tool. The results document similar predictive performance
evidenced from both techniques, which contradicts some of the earlier studies which support
a position of artificial neural network superiority. Demonstrates that at least 18 per cent of the
“normal” property predictions and over 70 per cent of the “outlier” property predictions ...
a more traditional valuation tool. The results document similar predictive performance
evidenced from both techniques, which contradicts some of the earlier studies which support
a position of artificial neural network superiority. Demonstrates that at least 18 per cent of the
“normal” property predictions and over 70 per cent of the “outlier” property predictions ...
