<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The paper proposes a means of determining the impact of real estate characteristics based on the residuals of an accordingly specified econometric model. The econometric model contains explanatory variables whose values are easily measurable. Then, the hypothesis that the residuals of the econometric model encompass the impact of specific factors indicating that the real estate is atypical is verified, thus supporting real estate market analysis. The work describes various types of residuals (predictive and studentized residuals).</p></abstract>

The paper proposes a means of determining the impact of real estate characteristics based on the residuals of an accordingly specified econometric model. The econometric model contains explanatory variables whose values are easily measurable. Then, the hypothesis that the residuals of the econometric model encompass the impact of specific factors indicating that the real estate is atypical is verified, thus supporting real estate market analysis. The work describes various types of residuals (predictive and studentized residuals).

Econometric Identification of the Impact of Real Estate Characteristics Based on Predictive and Studentized Residuals

Katedra Ekonometrii Uniwersytet Szczeciński

Katedra Badań Operacyjnych i Zastosowań Matematyki w Ekonomii Uniwersytet Szczeciński

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The paper proposes a means of determining the impact of real estate characteristics based on the residuals of an accordingly specified econometric model. The...

Econometric Identification of the Impact of Real Estate Characteristics Based on Predictive and Studentized Residuals

Published Online: Apr 12, 2017

Page range: 84 - 92

DOI: https://doi.org/10.1515/remav-2017-0005

Keywords
identification of specific (unobserved) factors, predictive and studentized residuals, econometric analysis of real estate market

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Econometric Identification of the Impact of Real Estate Characteristics Based on Predictive and Studentized Residuals

Published Online: Apr 12, 2017

Page range: 84 - 92

DOI: https://doi.org/10.1515/remav-2017-0005

Keywordsidentification of specific (unobserved) factors, predictive and studentized residuals, econometric analysis of real estate market

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
identification of specific (unobserved) factors, predictive and studentized residuals, econometric analysis of real estate market