Application of Support Vector Machine in Determination of Real Estate Price

The problem of real estate prices are the current focus of the community's concern. Support Vector Machine is a new machine learning algorithm, as its excellent performance of the study, and in small samples to identify many ways, and so has its unique advantages, is now used in many areas. Determination of real estate price is a complicated problem due to its non-linearity and the small quantity of training data. In this study, support vector machine (SVM) is proposed to forecast the price of real estate price in China. The experimental results indicate that the SVM method can achieve greater accuracy than grey model, artificial neural network under the circumstance of small training data. It was also found that the predictive ability of the SVM outperformed those of some traditional pattern recognition methods for the data set used here.