Multilayer feedforward networks are universal approximators
Neural Networks
Computers and Operations Research
Application of fuzzy neural network for real estate prediction
ISNN'06 Proceedings of the Third international conference on Advances in Neural Networks - Volume Part III
The use of fuzzy logic in predicting house selling price
Expert Systems with Applications: An International Journal
Investigation of evolving fuzzy systems methods FLEXFIS and eTS on predicting residential prices
WILF'11 Proceedings of the 9th international conference on Fuzzy logic and applications
Expert Systems with Applications: An International Journal
On employing fuzzy modeling algorithms for the valuation of residential premises
Information Sciences: an International Journal
Bare ownership evaluation. Hedonic price model vs. artificial neural network
International Journal of Business Intelligence and Data Mining
Hi-index | 12.05 |
Determinants of house prices in Turkey are examined in this paper using the 2004 Household Budget Survey Data. In property valuation and housing market research, the locational value is usually analyzed by hedonic methods that use multiple regression techniques on large data sets and require a formality based on microeconomic theory in the analyses. Because of potential non-linearity in the hedonic functions, artificial neural network (ANN) is employed in this study as an alternative method. By comparing the prediction performance between the hedonic regression and artificial neural network models, this study demonstrates that ANN can be a better alternative for prediction of the house prices in Turkey.