This study estimates a hedonic price function using a semiparametric regression based on Penalized Spline Smoothing, and compares the price prediction performance with conventional parametric models. The excellent results obtained show that the semiparametric models allow to obtain a significant improvement in the prediction of housing sales prices.
Hedonic analysis of housing sales prices with semiparametric methods / Del Giudice, Vincenzo; Manganelli, Benedetto; De Paola, Pierfrancesco. - In: INTERNATIONAL JOURNAL OF AGRICULTURAL AND ENVIRONMENTAL INFORMATION SYSTEMS. - ISSN 1947-3192. - 8:2(2017), pp. 65-77. [10.4018/IJAEIS.2017040105]
Hedonic analysis of housing sales prices with semiparametric methods
Del Giudice, Vincenzo;De Paola, Pierfrancesco
2017
Abstract
This study estimates a hedonic price function using a semiparametric regression based on Penalized Spline Smoothing, and compares the price prediction performance with conventional parametric models. The excellent results obtained show that the semiparametric models allow to obtain a significant improvement in the prediction of housing sales prices.| File | Dimensione | Formato | |
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