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dc.contributor.authorLimsombunchao, V.en
dc.date.accessioned2013-01-28T03:38:31Z
dc.date.issued2004-06en
dc.identifier.citationLimsombunchai, V. (2004). House price prediction: Hedonic price model vs. artificial neural network. New Zealand Agricultural and Resource Economics Society Conference, 25-26 June 2004. Blenheim, New Zealand: New Zealand Agricultural and Resource Economics Society.en
dc.identifier.urihttps://hdl.handle.net/10182/5198
dc.description.abstractThe objective of this paper is to empirically compare the predictive power of the hedonic model with an artificial neural network model on house price prediction. A sample of 200 houses in Christchurch, New Zealand is randomly selected from the Harcourt website. Factors including house size, house age, house type, number of bedrooms, number of bathrooms, number of garages, amenities around the house and geographical location are considered. Empirical results support the potential of artificial neural network on house price prediction, although previous studies have commented on its black box nature and achieved different conclusions.en
dc.format.extent91-98en
dc.language.isoenen
dc.publisherNew Zealand Agricultural and Resource Economics Societyen
dc.relationThe original publication is available from - New Zealand Agricultural and Resource Economics Societyen
dc.rightsCopyright by author(s). Readers may make copies of this document for non-commercial purposes only, provided that this copyright notice appears on all such copies.en
dc.sourceProceedings of the Tenth Annual Conference of the New Zealand Agricultural and Resource Economics Society (Inc)en
dc.subjectartificial neural networksen
dc.subjectcomparisonen
dc.subjecthouse priceen
dc.subjecthedonic modelen
dc.subjectpredictionen
dc.subjectNew Zealanden
dc.titleHouse price prediction: Hedonic price model vs.artificial neural networken
dc.typeConference Contribution - Published
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unit/LU/Faculty of Agribusiness and Commerce/ECONen
pubs.finish-date2004-06-26en
pubs.notesPaper presented at the 2004 NZARES Conference Blenheim Country Hotel, Blenheim, New Zealand. June 25-26, 2004.en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/ECON
pubs.publication-statusPublisheden
pubs.start-date2004-06-25en
dc.publisher.placeLincoln Universityen
lu.subtypeConference Paperen


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