Application of Neural Network in Hedonic Price Model
Jing Xiao · Journal of Xi'an Technological University · 2008
Hedonic price model has different function forms which lead to inaccurate results.The authors establish the hedonic price model based on neural network theory.Under the condition of not assuring uncertainty of function form,the forecasting result can be got directly through the process of input,training etc,getting a creative point in real estate estimation.Neural network applied in hedonic price model has certain stability and precision in predicting ability,compared with the results from the four common used function forms.