English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140903 (78%)
Visitors : 46039014      Online Users : 1022
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/60817


    Title: Further Empirical Examination of an Improved Sales Comparison Approach
    Authors: Lin,Tzu-Chin;Liao,Ying-Chih
    Contributors: 政大地政系
    Keywords: Sales comparison approach;grid-adjustment regression;nearest neighbours method
    Date: 2010-12
    Issue Date: 2013-09-13 12:40:22 (UTC+8)
    Abstract: Despite the significant advances in applying regression analysis into property valuation, the main features of the sales comparison approach lack thorough research. A series of works have endeavoured to retain the essence of the sales comparison approach, while at the same time take advantage of regressions to derive not only the implicit values of property attributes, but also the degree of similarity between properties. Despite these improvements, the determination of the best regression forms and the piecemeal-type of price adjustment remain vexing problems. The nearest neighbours method assumes that the effects of all attribute differences between the subject and comparable properties are captured by the Mahalanobis distance. The indicated market value of the subject property is simply a weighted average of the actual selling prices of the comparable properties. This method sidesteps the above vexing difficulties and seems worth employing. The present study extends the application of the nearest neighbours method to high-density residential properties, which have not previously been examined. In terms of both the average and coefficient of variations for prediction errors, neither the conventional regression nor the nearest neighbours method outperforms the other. Nevertheless, the distribution of the accumulated prediction errors suggests that the nearest neighbours method is superior over the regression analysis approach. Our empirical findings are, therefore, in favour of further pursuit along the small sample (comparables) methods.
    Relation: Nordic Journal of Surveying and Real Estate Research, 7(2), 51-66
    Data Type: article
    Appears in Collections:[地政學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    725166.pdf473KbAdobe PDF21241View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback