Munusamy, Mohan and Muthuveerappan, Chitrakala and Baba, Maizan and Abdullah @ Mohd. Asmoni, Mat Naim (2015) An overview of the forecasting methods used in real estate housing price modelling. Jurnal Teknologi, 73 (5). pp. 189-193. ISSN 0127-9696
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Official URL: http://dx.doi.org/10.11113/jt.v73.4337
Abstract
Forecasting is very fundamental in real estate where the past transactions become the evidences while decision making for the present and the future. Several techniques and validation approached that were commonly used in housing price index forecasting. Beside the appropriate forecasting method, error calculation is one of the critical constraints in accuracy out of all methods. This paper overview the available methods and the types of error being considered in forecasting techniques. Then the forecasting methods, namely Multiple Regression Analysis (MRA) and Artificial Neural Network which are highly applied in forecasting modelling are compared over its error accuracy.
Item Type: | Article |
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Uncontrolled Keywords: | forecasting methods, forecasting errors, real estate modelling |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD1394-1394.5 Real estate management |
Divisions: | Geoinformation and Real Estate |
ID Code: | 57791 |
Deposited By: | Haliza Zainal |
Deposited On: | 04 Dec 2016 04:07 |
Last Modified: | 07 Nov 2021 06:51 |
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