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An overview of the forecasting methods used in real estate housing price modelling

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. Jurl Teknologi, 73 (5). pp. 189-193. ISSN 1279-696

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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
Subjects:A General Works
ID Code:57791
Deposited By: Haliza Zainal
Deposited On:04 Dec 2016 12:07
Last Modified:11 Sep 2017 09:16

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