Universiti Teknologi Malaysia Institutional Repository

Combining geographic information systems and regression models to generate locational value residual surfaces in the assessment of residential property values

Mar Iman, Abdul Hamid (2007) Combining geographic information systems and regression models to generate locational value residual surfaces in the assessment of residential property values. Pacific Rim Property Research Journal, 13 (1). pp. 35-62. ISSN 1444-8921

[img] PDF (Abstract)
8Kb
[img] HTML - Published Version
620Kb

Abstract

Locational Value ResidualSurface (LVRS) has been suggested as an alternative to resolving the difficulty in the traditional modelling of locational influence on property values in a particular area. The objective of this paper was to compare the relative performance of models that apply locational value residual surface (LVRS) and the traditional multiple regression models in the prediction of residential property values. A controlled sample of 125 single- and double-storey residential properties was used to construct regression models. It was found that models applying LVRS were marginally better than the traditional models in predicting property values.

Item Type:Article
Uncontrolled Keywords:locational factors, locational value residual surface (LVRS), Geographical Information System (GIS), multiple regression analysis (MRA), residential property values
Subjects:H Social Sciences > HF Commerce
Divisions:Geoinformation Science And Engineering (Formerly known)
ID Code:4461
Deposited By: Assoc. Prof. Dr. Abdul Hamid Mar Iman
Deposited On:02 Nov 2007 08:49
Last Modified:13 Jan 2014 08:36

Repository Staff Only: item control page