Download or read book Trading Volume Induced Spatial Autocorrelation in Real Estate Prices written by C. Yiu and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial dependence is often seen as a problem in econometrics rather than in economics. This study seeks to find an economic explanation for spatially correlated real estate prices. We posit spatial dependence as a process to discover price information from neighboring property transactions. Weaker spatial dependence is expected when price information in the immediate vicinity of a subject property is abundant. In the context of apartment buildings, in addition to the more commonly known horizontal dependence, there is also spatial dependence in the vertical dimension within the same building. Based on more than 18,000 transactions of highly homogeneous apartment units in Hong Kong, we found that the trading volume of a building depresses horizontal spatial dependence, but raises vertical spatial dependence. This not only confirmed the role of trading volume in the real estate price discovery process, but also questioned the validity of constant spatial autocorrelation assumption adopted in many studies.
Download or read book Routledge Companion to Real Estate Investment written by Bryan D. MacGregor and published by Routledge. This book was released on 2018-12-07 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers. The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications. The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management. This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics.
Download or read book Computational Science and Its Applications ICCSA 2016 written by Osvaldo Gervasi and published by Springer. This book was released on 2016-07-01 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: The five-volume set LNCS 9786-9790 constitutes the refereed proceedings of the 16th International Conference on Computational Science and Its Applications, ICCSA 2016, held in Beijing, China, in July 2016. The 239 revised full papers and 14 short papers presented at 33 workshops were carefully reviewed and selected from 849 submissions. They are organized in five thematical tracks: computational methods, algorithms and scientific applications; high performance computing and networks; geometric modeling, graphics and visualization; advanced and emerging applications; and information systems and technologies.
Download or read book Property Price Impacts of Environment Friendly Transport Accessibility in Chinese Cities written by Linchuan Yang and published by Springer Nature. This book was released on 2022-01-11 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to shed light on the role of environment-friendly transport accessibility in determining property prices in Chinese cities. Many environment-friendly transport modes, including walking, metro, bus rapid transit (BRT), and bus are examined. Spatial econometric models, quantile regression models, and machine learning techniques are used. This book contributes to people's understanding of the relationship between environmental-friendly transport accessibility and property prices. Moreover, it is of value to policymakers, including (1) informing urban planners/designers to plan/design cities with an adequate level of environment-friendly transport accessibility; (2) offering an evidence-based approach to implementing value capture schemes for financing investments in urban infrastructure; and (3) providing the basis for mitigating the negative externality of proximity to the transit corridor, jointly constructing comprehensive hospitals and other compatible amenities, and so forth.
Download or read book Cognitive Analytics Concepts Methodologies Tools and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-03-06 with total page 1961 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the growing use of web applications and communication devices, the use of data has increased throughout various industries, including business and healthcare. It is necessary to develop specific software programs that can analyze and interpret large amounts of data quickly in order to ensure adequate usage and predictive results. Cognitive Analytics: Concepts, Methodologies, Tools, and Applications provides emerging perspectives on the theoretical and practical aspects of data analysis tools and techniques. It also examines the incorporation of pattern management as well as decision-making and prediction processes through the use of data management and analysis. Highlighting a range of topics such as natural language processing, big data, and pattern recognition, this multi-volume book is ideally designed for information technology professionals, software developers, data analysts, graduate-level students, researchers, computer engineers, software engineers, IT specialists, and academicians.
Download or read book Advances in Automated Valuation Modeling written by Maurizio d'Amato and published by Springer. This book was released on 2017-01-28 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses several problems related to automated valuation methodologies (AVM). Following the non-agency mortgage crisis, it offers a variety of approaches to improve the efficiency and quality of an automated valuation methodology (AVM) dealing with emerging problems and different contexts. Spatial issue, evolution of AVM standards, multilevel models, fuzzy and rough set applications and quantitative methods to define comparables are just some of the topics discussed.
Download or read book What Drives the Property Price Trading Volume Correlation Evidence from a Commercial Real Estate Market written by Charles Ka Yui Leung and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The significant price-trading volume correlation found in the residential property market presents a challenge to the rational expectation hypothesis. Existing theories account for this fact with either capital market imperfection (down-payment effect or loss-aversion consideration) or imperfect information (search theoretic models). This paper employs data from a commercial real estate market, which face a different degree of severity of capital market constraint than the residential market, and thus provide an indirect but effective test for alternative theories. Policy implications are also discussed.
Download or read book Econometric Advances in Spatial Modelling and Methodology written by Daniel A. Griffith and published by Springer. This book was released on 2013-10-25 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of models is not to fit the data but to sharpen the questions. S. Karlin, 11th R. A. Fisher Memorial Lecture, Royal Society, 20 April 1983 We are proud to offer this volume in honour of the remarkable career of the Father of Spatial Econometrics, Professor Jean Paelinck, presently of the Tinbergen Institute, Rotterdam. Not one to model solely for the sake of modelling, the above quotation nicely captures Professor Paelinck's unceasing quest for the best question for which an answer is needed. His FLEUR model has sharpened many spatial economics and spatial econometrics questions! Jean Paelinck, arguably, is the founder of modem spatial econometrics, penning the seminal introductory monograph on this topic, Spatial Econometrics, with Klaassen in 1979. In the General Address to the Dutch Statistical Association, on May 2, 1974, in Tilburg, "he coined the term [spatial econometrics] to designate a growing body of the regional science literature that dealt primarily with estimation and testing problems encountered in the implementation of multiregional econometric models" (Anselin, 1988, p. 7); he already had introduced this idea in his introductory report to the 1966 Annual Meeting of the Association de Science Regionale de Langue Fran~aise.
Download or read book Business Geography and New Real Estate Market Analysis written by Grant Ian Thrall and published by Oxford University Press. This book was released on 2002-04-18 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work focuses on integrating land-use location science with the technology of geographic information systems (GIS). The text describes the basic principles of location decision and the means for applying them in order to improve the real estate decision.
Download or read book Spatial Analysis written by Marie-Josée Fortin and published by Cambridge University Press. This book was released on 2005-04-21 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the wide range of spatial statistics available to analyse ecological data.
Download or read book Spatial Autocorrelation written by John Odland and published by SAGE Publications, Incorporated. This book was released on 1988-03 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Autocorrelation occurs whenever a variable exhibits a regular pattern over space, when its values at a set of locations depend on values of the same variables at other locations.Odland introduces spatial autocorrelation to the reader in a concise and readable fashion, and describes the statistical p.
Download or read book Economic Models of Tropical Deforestation A Review written by David Kaimowitz and published by CIFOR. This book was released on 1998-01-01 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Types of economic deforestation models. Household and firm-level models. Regional-level models. National and macro-level models. Priority areas for future research.
Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Download or read book Handbook of Applied Economic Statistics written by Aman Ullah and published by CRC Press. This book was released on 1998-02-03 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines theoretical issues, as well as practical developments in statistical inference related to econometric models and analysis. This work offers discussions on such areas as the function of statistics in aggregation, income inequality, poverty, health, spatial econometrics, panel and survey data, bootstrapping and time series.
Download or read book Geographically Weighted Regression written by A. Stewart Fotheringham and published by John Wiley & Sons. This book was released on 2003-02-21 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Geographical Weighted Regression (GWR) is a new local modelling technique for analysing spatial analysis. This technique allows local as opposed to global models of relationships to be measured and mapped. This is the first and only book on this technique, offering comprehensive coverage on this new 'hot' topic in spatial analysis. * Provides step-by-step examples of how to use the GWR model using data sets and examples on issues such as house price determinants, educational attainment levels and school performance statistics * Contains a broad discussion of and basic concepts on GWR through to ideas on statistical inference for GWR models * uniquely features accompanying author-written software that allows users to undertake sophisticated and complex forms of GWR within a user-friendly, Windows-based, front-end (see book for details).
Download or read book Spatial Data Analysis in the Social and Environmental Sciences written by Robert P. Haining and published by Cambridge University Press. This book was released on 1993-08-26 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Within both the social and environmental sciences, much of the data collected is within a spatial context and requires statistical analysis for interpretation. The purpose of this book is to describe current methods for the analysis of spatial data. Methods described include data description, map interpolation, and exploratory and explanatory analyses. The book also examines spatial referencing, and methods for detecting problems, assessing their seriousness and taking appropriate action are discussed. This is an important text for any discipline requiring a broad overview of current theoretical and applied work for the analysis of spatial data sets. It will be of particular use to research workers and final year undergraduates in the fields of geography, environmental sciences and social sciences.
Download or read book Spatial Analysis Methods and Practice written by George Grekousis and published by Cambridge University Press. This book was released on 2020-06-11 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introductory overview of spatial analysis and statistics through GIS, including worked examples and critical analysis of results.
