Quantifying the impact of uncertainty to the market value by introducing a Bayesian sales comparison approach [electronic resource]
Zaddach, Sebastian
Quantifying the impact of uncertainty to the market value by introducing a Bayesian sales comparison approach [electronic resource] - London RICS 2013 - COBRA 2013 .
A paper presented at the COBRA Conference in New Delhi on 10-12 September 2013. The sales comparison approach is used for analysing the real estate market and to determine the current market value. This paper introduces the Bayesian approach as an innovative method which is able to consider the uncertainty of the value affecting characteristics as a prior information and thus to quantify its impact to the market value.
9781783210305
CONSTRUCTION AND BUILDING RESEARCH CONFERENCE (COBRA)
SALES COMPARISON APPROACH
UNCERTAINTY QUANTIFICATION
MARKET VALUE
REAL ESTATE VALUATION
Germany
Quantifying the impact of uncertainty to the market value by introducing a Bayesian sales comparison approach [electronic resource] - London RICS 2013 - COBRA 2013 .
A paper presented at the COBRA Conference in New Delhi on 10-12 September 2013. The sales comparison approach is used for analysing the real estate market and to determine the current market value. This paper introduces the Bayesian approach as an innovative method which is able to consider the uncertainty of the value affecting characteristics as a prior information and thus to quantify its impact to the market value.
9781783210305
CONSTRUCTION AND BUILDING RESEARCH CONFERENCE (COBRA)
SALES COMPARISON APPROACH
UNCERTAINTY QUANTIFICATION
MARKET VALUE
REAL ESTATE VALUATION
Germany