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

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

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).

Language: English
Page range: 84 - 92
Published on: Apr 12, 2017
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 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.