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Hedonic Analysis of Housing Sales Prices with Semiparametric Methods

Vincenzo Del Giudice, Benedetto Manganelli and Pierfrancesco De Paola
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Vincenzo Del Giudice: University of Naples Federico II, Naples, Italy
Benedetto Manganelli: University of Basilicata, Potenza, Italy
Pierfrancesco De Paola: University of Naples Federico II, Naples, Italy

International Journal of Agricultural and Environmental Information Systems (IJAEIS), 2017, vol. 8, issue 2, 65-77

Abstract: This study estimates a hedonic price function using a semiparametric regression based on Penalized Spline Smoothing, and compares the price prediction performance with conventional parametric models. The excellent results obtained show that the semiparametric models allow to obtain a significant improvement in the prediction of housing sales prices.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jaeis0:v:8:y:2017:i:2:p:65-77

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