Artificial Intelligence and the Mass Appraisal of Residential Apartments
Danny P.H. Tay, David Kim Hin Ho · Journal of Property Valuation and Investment · 1992
Introduces the theory of artificial neural networks (ANN). Discusses its application to the valuation of residential apartments. Compares the performance of the back propagation neural network (BP) model in estimating sale prices of apartments against the traditional multiple regression analysis (MRA) model. Concludes that the neural network model is an easy‐to‐use, black‐box alternative to the MRA model.