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

Mariusz Doszyń; Sebastian Gnat

doi:10.1515/remav-2017-0005

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

Real Estate Management and Valuation

Volume 25 (2017): Issue 1 (March 2017)

By: Mariusz Doszyń and Sebastian Gnat

Open Access

|Apr 2017

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).

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Articles in this issue

DOI: https://doi.org/10.1515/remav-2017-0005 | Journal eISSN: 2300-5289

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Language: English

Page range: 84 - 92

Published on: Apr 12, 2017

Published by: Real Estate Management and Valuation

In partnership with: Paradigm Publishing Services

Publication frequency: 4 issues per year

Keywords:

identification of specific (unobserved) factors,

predictive and studentized residuals,

econometric analysis of real estate market

Related subjects:

Business and economics,

Political economics,

Political economics, other

© 2017 Mariusz Doszyń, Sebastian Gnat, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 25 (2017): Issue 1 (March 2017)