The Application of the Shepard’s Interpolation for a Property Valuation (Zastosowanie metody Sheparda do szacowania nieruchomosci)
Rafal Zbyrowski ()
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Rafal Zbyrowski: Wydzial Zarzadzania, Uniwersytet Warszawski
Research Reports, 2016, vol. 2, issue 22, 249-256
The main purpose of this paper is an application of Shepard’s interpolation method in valuing flats in Warsaw. This method was originally invented for a two-dimensional interpolation. Therefore the aplication is based on district “Bia³o³eka”, where the major issues are a number of square meters and age of building. The case of the application of Shepard’s interpolation method to a database on “Bia³o³êka” is compared to a classic linear regression model. This article also describes the background of valuing real estates using automatic or mathematical methods in the conclusions. These quantitative methods may be very useful for experts as a fast support. Anyway the experts should be aware of its adventages and disadventages. The market in Poland is shaped by many micro- and macroeconomic processes, hence valuing is a challenge even for experts.
Keywords: real estate; housing; models and applications; valuating (search for similar items in EconPapers)
JEL-codes: R30 R31 E37 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:resrep:v:2:i:22:y:2016:p:249-256
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