House Value Estimation Research Paper Example | Topics and Well Written Essays - 2000 words

habitation Value Estimation - Research Paper ExampleThe perspicacity of the price of a domicil is principally assessed through the few app bent factors like the construction value, design, and location of the tolerate. The rough estimation usually does non encompass the related factors that are important to decide the value of a house and have a significant impact on the assessment process. The study of the factors other than the common factors is important to identify their utilisation in the determination of the price or value of a home. Generally, a realtors claim would of all time be that the location is the most important factor when it comes to determining the value of a house or home. The formulation of a model in this regard is attempted through regression. For concrete assessment of this claim, some elaborated factors are included in this exercise. A home or a house can generally be viewed in terms of the properties it holds internally and the characteristics of the e nvironment outside that home. The null supposition here would be the realtors claim i.e. the location is the most important factor in assessing the house value whereas the alternate hypothesis refutes by stating that this is not the only factor but there are other significantly effective factors that are needed to be taken into account. There are a number of processes that can be used to predict house values. These include various probabilistic methods. variable Spatial Method, Time Series analysis, FootyForecast Forecasting methods( a method that is similar to simple sequence method).