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Prediction of apartment prices per unit in Daegu-Gyeongbuk areas by spatial regression models
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Academic journal
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Journal
The Korean Data and Information Science Society Journal of the Korean Data And Information Science Society Vol.26 No.3 KCI Excellent Accredited Journal
Published
2015.6
Pages
561 - 568 (8page)

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Prediction of apartment prices per unit in Daegu-Gyeongbuk areas by spatial regression models
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In this study we predict apartment prices per unit in Daegu-Gyeongbuk areas by spatial lag and spatial error models, both of which belong to so-called spatial regression model. A spatial weight matrix is constructed by k-nearest neighbours method and then the models for the apartment prices in March, 2012 are fitted using the weight matrix. The apartment prices in March, 2013 are predicted by the fitted spatial regression models and then performances of two spatial regression models are compared by RMSE (root mean squared error), RRMSE (root relative mean squared error), MAE (mean absolute error).

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UCI(KEPA) : I410-ECN-0101-2018-041-001376441