Predicting house prices with spatial dependence: a comparison of alternative methods
S Bourassa, E Cantoni, M Hoesli - Journal of Real Estate …, 2010 - aresjournals.org
This paper compares alternative methods for taking spatial dependence into account in
house price prediction. We select hedonic methods that have been reported in the literature
to perform relatively well in terms of ex-sample prediction accuracy. Because differences in
performance may be due to differences in data, we compare the methods using a single
data set. The estimation methods include simple OLS, a two-stage process incorporating ...
house price prediction. We select hedonic methods that have been reported in the literature
to perform relatively well in terms of ex-sample prediction accuracy. Because differences in
performance may be due to differences in data, we compare the methods using a single
data set. The estimation methods include simple OLS, a two-stage process incorporating ...