The exact prediction of housing selling prices is a relevant issue for real estate market, also to evaluate alternative forms of financial investment. In this paper a hedonic price function built through a semiparametric additive model is implemented. This model use penalized spline functions and aims to achieve a significant improvement in the prediction of the market price of the properties.
机构:
Univ Calif Santa Barbara, Dept Stat & Appl Probabil, Santa Barbara, CA 93106 USAUniv Calif Santa Barbara, Dept Stat & Appl Probabil, Santa Barbara, CA 93106 USA
Liu, A
Wang, YD
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机构:
Univ Calif Santa Barbara, Dept Stat & Appl Probabil, Santa Barbara, CA 93106 USAUniv Calif Santa Barbara, Dept Stat & Appl Probabil, Santa Barbara, CA 93106 USA