- Author
- Doszyń Mariusz (University of Szczecin, Poland), Gnat Sebastian (University of Szczecin, Poland), Bas Marcin (ESTIT)
- Title
- The Econometric Procedures of Specific Transaction Identification
- Source
- Folia Oeconomica Stetinensia, 2017, vol. 17, iss. 1, s. 20-30, rys., tab., bibliogr. 6 poz.
- Keyword
- Ceny nieruchomości, Analiza ekonometryczna, Rynek nieruchomości, Modelowanie ekonometryczne
Real estate prices, Econometric analysis, Real estate market, Econometric modeling - Note
- JEL Classification: C01, R30
summ. - Abstract
- The paper presents the econometric procedures of identifying specific transactions, in which atypical conditions or attributes may occur. These procedures are based on studentized and predictive residuals of the accordingly specified econometric models. The dependent variable is a unit transactional price, and explanatory variables are both the real properties' attributes and accordingly defined artificial binary variables. The utility of the proposed method has been verified by means of a real market data base. The proposed procedures can be helpful during the property valuation process, making it possible to reject real properties that are specific (both from the point of view of the transaction conditions and the properties' attributes) and, consequently, to select an appropriate set of similar attributes that are essential for the valuation process.(original abstract)
- Accessibility
- The Library of University of Economics in Katowice
- Full text
- Show
- Bibliography
-
- Charemza, W.W., Deadman, D.F. (1997). Nowa ekonometria. Warszawa: PWE.
- Doszyń, M. (2013). Skłonności w ekonomii. Ujęcie ilościowe. Szczecin: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego.
- Greene, W.H. (2003). Econometric analysis. Fifth edition. Upper Saddle River, New Jersey: Prentice Hall.
- Hozer, J. (1993). Mikroekonometria. Analizy, diagnozy, prognozy. Warszawa: PWE.
- Kucharka-Stasiak, E. (2010). Odwzorowanie cech nieruchomości w cenach i skutki dla procesu wyceny. Studia i Materiały Towarzystwa Naukowego Nieruchomości, 18 (3), 7-15.
- Pawłowski, Z. (1976). Ekonometryczna analiza procesu produkcyjnego. Warszawa: PWN.
- Cited by
- ISSN
- 1730-4237
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.1515/foli-2017-0002
