4.7 Article

Mass appraisal of residential apartments: An application of Random forest for valuation and a CART-based approach for model diagnostics

期刊

EXPERT SYSTEMS WITH APPLICATIONS
卷 39, 期 2, 页码 1772-1778

出版社

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.eswa.2011.08.077

关键词

Random forest; Mass appraisal; CART; Model diagnostics; Real estate; Automatic valuation model

向作者/读者索取更多资源

To the best knowledge of authors, the use of Random forest as a potential technique for residential estate mass appraisal has been attempted for the first time. In the empirical study using data on residential apartments the method performed better than such techniques as CHAID, CART, KNN, multiple regression analysis, Artificial Neural Networks (MLP and RBF) and Boosted Trees. An approach for automatic detection of segments where a model significantly underperforms and for detecting segments with systematically under- or overestimated prediction is introduced. This segmentational approach is applicable to various expert systems including, but not limited to, those used for the mass appraisal. (C) 2011 Elsevier Ltd. All rights reserved.

作者

我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。

评论

主要评分

4.7
评分不足

次要评分

新颖性
-
重要性
-
科学严谨性
-
评价这篇论文

推荐

Article Business

Rank-sales relationship in electronic commerce: Evidence from publicly available data on 11 product categories

Evgeny A. Antipov, Elena B. Pokryshevskaya

ELECTRONIC COMMERCE RESEARCH AND APPLICATIONS (2016)

Article Computer Science, Information Systems

The effects of adverse drug reactions on patients' satisfaction: Evidence from publicly available data on Tamiflu (oseltamivir)

Evgeny A. Antipov, Elena B. Pokryshevskaya

INTERNATIONAL JOURNAL OF MEDICAL INFORMATICS (2019)

Article Psychology, Multidisciplinary

Impact of superstitious beliefs on the timing of marriage and childbirth: Evidence from Denmark

Evgeny A. Antipov, Elena B. Pokryshevskaya

JUDGMENT AND DECISION MAKING (2020)

Article Business, Finance

Interpretable machine learning for demand modeling with high-dimensional data using Gradient Boosting Machines and Shapley values

Evgeny A. Antipov, Elena B. Pokryshevskaya

JOURNAL OF REVENUE AND PRICING MANAGEMENT (2020)

Article Hospitality, Leisure, Sport & Tourism

Profiling satisfied and dissatisfied hotel visitors using publicly available data from a booking platform

Elena B. Pokryshevskaya, Evgeny A. Antipov

INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT (2017)

Article Business, Finance

Are box office revenues equally unpredictable for all movies? Evidence from a Random forest-based model

Evgeny A. Antipov, Elena B. Pokryshevskaya

JOURNAL OF REVENUE AND PRICING MANAGEMENT (2017)

Article Psychology, Multidisciplinary

Order effects in the results of song contests: Evidence from the Eurovision and the New Wave

Evgeny A. Antipov, Elena B. Pokryshevskaya

JUDGMENT AND DECISION MAKING (2017)

Article Humanities, Multidisciplinary

How to Measure the Power of Actors and Film Directors?

Evgeny A. Antipov, Elena B. Pokryshevskaya

EMPIRICAL STUDIES OF THE ARTS (2016)

Article Psychology, Multidisciplinary

Are buyers of apartments superstitious? Evidence from the Russian real estate market

Evgeny A. Antipov, Elena B. Pokryshevskaya

JUDGMENT AND DECISION MAKING (2015)

Article Economics

A study of numerological superstitions in the apartments market

Elena B. Pokryshevskaya, Evgeny A. Antipov

ECONOMICS BULLETIN (2015)

Article Economics

Using location-based social networks as a novel source of marketing data: the case of shopping malls

Elena B. Pokryshevskaya, Evgeny A. Antipov

ECONOMICS BULLETIN (2015)

Article Economics

An HLM-model of online price premia

Evgeny A. Antipov

ECONOMICS BULLETIN (2014)

Article Economics

Explaining differences in recommendation rates: the case of South Cyprus

Evgeny A. Antipov, Elena B. Pokryshevskaya

ECONOMICS BULLETIN (2014)

Article Economics

Applying a CART-based approach for the diagnostics of mass appraisal models

Elena B. Pokryshevskaya, Evgeny A. Antipov

ECONOMICS BULLETIN (2011)

Review Computer Science, Artificial Intelligence

A comprehensive review of slope stability analysis based on artificial intelligence methods

Wei Gao, Shuangshuang Ge

Summary: This study provides a comprehensive review of slope stability research based on artificial intelligence methods, focusing on slope stability computation and evaluation. The review covers studies using quasi-physical intelligence methods, simulated evolutionary methods, swarm intelligence methods, hybrid intelligence methods, artificial neural network methods, vector machine methods, and other intelligence methods. The merits, demerits, and state-of-the-art research advancement of these studies are analyzed, and possible research directions for slope stability investigation based on artificial intelligence methods are suggested.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Machine learning approaches for lateral strength estimation in squat shear walls: A comparative study and practical implications

Khuong Le Nguyen, Hoa Thi Trinh, Saeed Banihashemi, Thong M. Pham

Summary: This study investigated the influence of input parameters on the shear strength of RC squat walls and found that ensemble learning models, particularly XGBoost, can effectively predict the shear strength. The axial load had a greater influence than reinforcement ratio, and longitudinal reinforcement had a more significant impact compared to horizontal and vertical reinforcement. The performance of XGBoost model outperforms traditional design models and reducing input features still yields reliable predictions.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

DHESN: A deep hierarchical echo state network approach for algal bloom prediction

Bo Hu, Huiyan Zhang, Xiaoyi Wang, Li Wang, Jiping Xu, Qian Sun, Zhiyao Zhao, Lei Zhang

Summary: A deep hierarchical echo state network (DHESN) is proposed to address the limitations of shallow coupled structures. By using transfer entropy, candidate variables with strong causal relationships are selected and a hierarchical reservoir structure is established to improve prediction accuracy. Simulation results demonstrate that DHESN performs well in predicting algal bloom.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Learning high-dependence Bayesian network classifier with robust topology

Limin Wang, Lingling Li, Qilong Li, Kuo Li

Summary: This paper discusses the urgency of learning complex multivariate probability distributions due to the increase in data variability and quantity. It introduces a highly scalable classifier called TAN, which utilizes maximum weighted spanning tree (MWST) for graphical modeling. The paper theoretically proves the feasibility of extending one-dependence MWST to model high-dependence relationships and proposes a heuristic search strategy to improve the fitness of the extended topology to data. Experimental results demonstrate that this algorithm achieves a good bias-variance tradeoff and competitive classification performance compared to other high-dependence or ensemble learning algorithms.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Make a song curative: A spatio-temporal therapeutic music transfer model for anxiety reduction

Zhejing Hu, Gong Chen, Yan Liu, Xiao Ma, Nianhong Guan, Xiaoying Wang

Summary: Anxiety is a prevalent issue and music therapy has been found effective in reducing anxiety. To meet the diverse needs of individuals, a novel model called the spatio-temporal therapeutic music transfer model (StTMTM) is proposed.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

A modified reverse-based analysis logic mining model with Weighted Random 2 Satisfiability logic in Discrete Hopfield Neural Network and multi-objective training of Modified Niched Genetic Algorithm

Nur Ezlin Zamri, Mohd. Asyraf Mansor, Mohd Shareduwan Mohd Kasihmuddin, Siti Syatirah Sidik, Alyaa Alway, Nurul Atiqah Romli, Yueling Guo, Siti Zulaikha Mohd Jamaludin

Summary: In this study, a hybrid logic mining model was proposed by combining the logic mining approach with the Modified Niche Genetic Algorithm. This model improves the generalizability and storage capacity of the retrieved induced logic. Various modifications were made to address other issues. Experimental results demonstrate that the proposed model outperforms baseline methods in terms of accuracy, precision, specificity, and correlation coefficient.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

On taking advantage of opportunistic meta-knowledge to reduce configuration spaces for automated machine learning

David Jacob Kedziora, Tien-Dung Nguyen, Katarzyna Musial, Bogdan Gabrys

Summary: The paper addresses the problem of efficiently optimizing machine learning solutions by reducing the configuration space of ML pipelines and leveraging historical performance. The experiments conducted show that opportunistic/systematic meta-knowledge can improve ML outcomes, and configuration-space culling is optimal when balanced. The utility and impact of meta-knowledge depend on various factors and are crucial for generating informative meta-knowledge bases.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Optimal location for an EVPL and capacitors in grid for voltage profile and power loss: FHO-SNN approach

G. Sophia Jasmine, Rajasekaran Stanislaus, N. Manoj Kumar, Thangamuthu Logeswaran

Summary: In the context of a rapidly expanding electric vehicle market, this research investigates the ideal locations for EV charging stations and capacitors in power grids to enhance voltage stability and reduce power losses. A hybrid approach combining the Fire Hawk Optimizer and Spiking Neural Network is proposed, which shows promising results in improving system performance. The optimization approach has the potential to enhance the stability and efficiency of electric grids.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

NLP-based approach for automated safety requirements information retrieval from project documents

Zhijiang Wu, Guofeng Ma

Summary: This study proposes a natural language processing-based framework for requirement retrieval and document association, which can help to mine and retrieve documents related to project managers' requirements. The framework analyzes the ontology relevance and emotional preference of requirements. The results show that the framework performs well in terms of iterations and threshold, and there is a significant matching between the retrieved documents and the requirements, which has significant managerial implications for construction safety management.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Dog nose-print recognition based on the shape and spatial features of scales

Yung-Kuan Chan, Chuen-Horng Lin, Yuan-Rong Ben, Ching-Lin Wang, Shu-Chun Yang, Meng-Hsiun Tsai, Shyr-Shen Yu

Summary: This study proposes a novel method for dog identification using nose-print recognition, which can be applied to controlling stray dogs, locating lost pets, and pet insurance verification. The method achieves high recognition accuracy through two-stage segmentation and feature extraction using a genetic algorithm.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Fostering supply chain resilience for omni-channel retailers: A two-phase approach for supplier selection and demand allocation under disruption risks

Shaohua Song, Elena Tappia, Guang Song, Xianliang Shi, T. C. E. Cheng

Summary: This study aims to optimize supplier selection and demand allocation decisions for omni-channel retailers in order to achieve supply chain resilience. It proposes a two-phase approach that takes into account various factors such as supplier evaluation and demand allocation.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

Accelerating Benders decomposition approach for shared parking spaces allocation considering parking unpunctuality and no-shows

Jinyan Hu, Yanping Jiang

Summary: This paper examines the allocation problem of shared parking spaces considering parking unpunctuality and no-shows. It proposes an effective approach using sample average approximation (SAA) combined with an accelerating Benders decomposition (ABD) algorithm to solve the problem. The numerical experiments demonstrate the significance of supply-demand balance for the operation and user satisfaction of the shared parking system.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Review Computer Science, Artificial Intelligence

Financial fraud detection using graph neural networks: A systematic review

Soroor Motie, Bijan Raahemi

Summary: Financial fraud is a persistent problem in the finance industry, but Graph Neural Networks (GNNs) have emerged as a powerful tool for detecting fraudulent activities. This systematic review provides a comprehensive overview of the current state-of-the-art technologies in using GNNs for financial fraud detection, identifies gaps and limitations in existing research, and suggests potential directions for future research.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Review Computer Science, Artificial Intelligence

Occluded person re-identification with deep learning: A survey and perspectives

Enhao Ning, Changshuo Wang, Huang Zhang, Xin Ning, Prayag Tiwari

Summary: This review provides a detailed overview of occluded person re-identification methods and conducts a systematic analysis and comparison of existing deep learning-based approaches. It offers important theoretical and practical references for future research in the field.

EXPERT SYSTEMS WITH APPLICATIONS (2024)

Article Computer Science, Artificial Intelligence

A hierarchical attention detector for bearing surface defect detection

Jiajun Ma, Songyu Hu, Jianzhong Fu, Gui Chen

Summary: The article presents a novel visual hierarchical attention detector for multi-scale defect location and classification, utilizing texture, semantic, and instance features of defects through a hierarchical attention mechanism, achieving multi-scale defect detection in bearing images with complex backgrounds.

EXPERT SYSTEMS WITH APPLICATIONS (2024)