Locally Regularized Linear Regression in the Valuation of Real Estate

Kubus Mariusz ()
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Kubus Mariusz: Department of Mathematics and Applied Computer Science, Opole University of Technology, ; Opole, ; Poland

Statistics in Transition New Series, 2016, vol. 17, issue 3, 515-524

Abstract: Regression methods are used for the valuation of real estate in the comparative approach. The basis for the valuation is a data set of similar properties, for which sales transactions were concluded within a short period of time. Large and standardized databases, which meet the requirements of the Polish Financial Supervision Authority, are created in Poland and used by the banks involved in mortgage lending, for example.

Keywords: large transactional data; local regression; feature selection; regularization; cross-validation (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:stintr:v:17:y:2016:i:3:p:515-524:n:7

DOI: 10.21307/stattrans-2016-035

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