Error Correction Model Based on NR-GRU for Real Estate Prices Prediction
Guangcan Cui, Yuetong Zhang, Fakai Yan, Chunyu Kao · Frontiers in artificial intelligence and applications · 2025
The real estate price is an essential index to measure the real estate industry, urban economy, and investment policy. This paper introduces a non-parametric regression (NR)-deep learning framework, which uses the non-parametric model to predict the trend of the real estate price series, and then uses the deep learning model to capture the residual information, to achieve the effect of error correction and optimize the accuracy of real estate price prediction. The empirical results show that error correction can improve the prediction accuracy by an order of magnitude. The improvement degree of six evaluation criteria is far more than 10 times. In addition, under the error correction framework, NR-gated recurrent unit (GRU) has certain advantages in processing nonlinear complex error sequences. Compared with the SVR and LSTM model under the framework, the average improvement percentage of evaluation criteria is about 5.20% and 0.09%, and the DM statistics are all positive.