The influence analysis of criteria of comparables’ selection on the accuracy of the property value estimation

• Autorzy: Zyga Jacek

Identyfikatory

DOI

10.2478/rgg-2020-0002

• Języki publikacji: EN

Abstrakty

EN

The subject of the considerations presented in the article is the question of the criteria according to which the comparables, in the market value estimating process, should be selected. As the most important in the selection of comparative properties, the factor of similarity in relation to the subject property (measured by the Euclidean distance) was considered. As the key issue, the similarity assessment criterion and the influence of the adopted critical value of this criterion on the accuracy of estimates were chosen. The analysis of the above was carried out with taking into account the role of the significance of independent variables (measured by their correlation with the vector of the dependent variable). The results of the simulation tests carried out in the variants set by the criteria adopted were presented. On this basis, it has been shown that there is a potential most relevant solution in the collection of obtainable estimation results. This solution corresponds with the smallest sum of the differences of model prices (accepted as known) and corresponding estimates. The found minimum occurs for a specific layout of the above criterion values only.

Słowa kluczowe

EN

similarity assessment criterion; property valuation; LS estimation

PL

kryterium oceny podobieństwa; wycena nieruchomości; oszacowanie LS

• Wydawca: Wydział Geodezji i Kartografii Politechniki Warszawskiej
• Czasopismo: Reports on Geodesy and Geoinformatics
• Rocznik: 2020
• Tom: Vol. 109
• Strony: 9--15
• Opis fizyczny: Bibliogr. 33 poz., rys., tab., wykr.

Twórcy

autor

Zyga Jacek

• Department of Geotechnical Engineering, Lublin University of Technology, 38D Nadbystrzycka Street, 20-618, Lublin, Poland

Bibliografia

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Uwagi

PL

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).