Artificial Intelligence and the Mass Appraisal ofResidential Apartments
Journal of Property Valuation and InvestmentPublished 1 February 1992
Danny P.H. Tay, David Kim Hin Ho
Citations135
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The paper concludes that the neural network model is an easy‐to‐use, black‐box alternative to the MRA model and its application to the valuation of residential apartments.
Abstract
Introduces the theory of artificial neural networks (ANN). Discusses its application to the valuation of residential apartments. Compares the performance of the back propagation neural network (BP) model in estimating sale prices of apartments against the traditional multiple regression analysis (MRA) model. Concludes that the neural network model is an easy‐to‐use, black‐box alternative to the MRA model.
Keywords
Computer ScienceDecision Sciences
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