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Artificial Intelligence and the Mass Appraisal of Residential Apartments

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 February 1992

Abstract

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.

Keywords

Citation

Tay, D.P.H. and Ho, D.K.H. (1992), "Artificial Intelligence and the Mass Appraisal of Residential Apartments", Journal of Property Valuation and Investment, Vol. 10 No. 2, pp. 525-540. https://doi.org/10.1108/14635789210031181

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited