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RESEARCH PRODUCT

The Multilevel Model in the Computer-Generated Appraisal: A Case in Palermo

Marina CiunaMarco SimonottiFrancesca Salvo

subject

Scheme (programming language)Operations researchComputer scienceMass appraisalMultilevel model0211 other engineering and technologiesSampling (statistics)021107 urban & regional planningReal estate02 engineering and technologyWork (electrical)021105 building & constructionComputer-generated appraisal Multilevel models AVMSettore ICAR/22 - EstimoExperimental workMultivariate statisticalcomputercomputer.programming_language

description

The construction of a mass appraisal model requires the preliminary study of the real estate market, the sampling of sold properties, the development of a forecasting model and the verification of the appraisal results. They are generally computerised methods, that work with geo-referenced data. This experimental work has proceeded to build a mass appraisal model, collecting a data sample of sales of apartments in the city of Palermo, in the five years 2008–2012, using a multivariate statistical model (multilevel), testing the results and providing the operating applications in a scheme of online real estate valuations.

10.1007/978-3-319-49746-4http://hdl.handle.net/10447/220457