A house price valuation based on the random forest approach: the mass appraisal of residential property in South Korea
Mass appraisal is the standardized procedure of valuing a large number of properties at the same time and is commonly used to compute real estate tax. While a hedonic pricing model based on the ordinary least squares (OLS) linear regression has been employed as the traditional method in this proces...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2020-03-01
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| Series: | International Journal of Strategic Property Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/IJSPM/article/view/11544 |