Selected issues of econometric modelling of transactional prices (Record no. 104950)

MARC details
000 -LEADER
fixed length control field 02024cam a2200169 4500
001 - CONTROL NUMBER
control field ##L131992
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 051220n 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u131992
041 0# - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Zrobek, H.S.
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Cellmer, R.
245 00 - TITLE STATEMENT
Title Selected issues of econometric modelling of transactional prices
520 ## - SUMMARY, ETC.
Summary, etc. One of the basic problems connected with land management is the question of accurate forecasting and valorisation of the real estate value. The statistical tools applied for this purpose are not always efficient due to certain imperfections in the land market. The present paper constitutes a proposal for the modification of statistical analysis methods aimed at adjusting them to the conditions of poorly developed local markets. A linear model of multiple regression has been used most often in the theory and practice of econometric modelling of transaction prices on the land market. However, its application is often ineffective due, for example, to considerable differences in prices and problems with an objective evaluation of quality factors affecting the real estate value (eg location). The research results show that better effects may be achieved by using minimisation of square sum of relative variations in actual and forecasted prices instead of the square sum of differences between actual and forecasted prices. Viewed from the perspective of valorisation and forecasting of the value of real estate, an important problem is valuation of short-term fluctuations in prices. In the paper this problem was solved by analysing data for individual time intervals with the help of modelling principles. The possibility of estimate errors arising from the application of the models obtained is also indicated. The research was conducted on the basis of the data obtained from a local market of landed property located in the city of Olsztyn in Poland.
520 ## - SUMMARY, ETC.
Summary, etc. This item is no longer available.
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-PROPERTY VALUATION AND APPRAISAL
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     Virtual Virtual Online 20/12/2005   ONLINE PUBLICATION 131992-1001 06/08/2019 1 06/08/2019 Book