2020
DOI: 10.11591/ijeecs.v17.i3.pp1467-1473
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Proposed study on evaluating and forecasting the resident property value based on specific determinants by case base reasoning and artificial neural network approach

Abstract: <p>Real estate forecasting has become an integral part of the larger process of business planning and strategic management in real estate sector. This study covers residential estate markets and concentrates on property types, while previous studies that have considered country wide house price indices. There is a gap identified in the literature which need to study correlations between property types within a region or a city and whether they will provide diversification benefits for real estate investo… Show more

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Cited by 4 publications
(4 citation statements)
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“…According to historical datasets in the legal context, judicial decisions' prediction is standard and widely practised in the worldwide legal system. Machine learning is a budding scientific algorithms study, and statistical models are artificial intelligence's parts that enable systems to automatically learn and improvise experience from the test data [23]- [30].…”
Section: Introductionmentioning
confidence: 99%
“…According to historical datasets in the legal context, judicial decisions' prediction is standard and widely practised in the worldwide legal system. Machine learning is a budding scientific algorithms study, and statistical models are artificial intelligence's parts that enable systems to automatically learn and improvise experience from the test data [23]- [30].…”
Section: Introductionmentioning
confidence: 99%
“…Artificial neural networks (ANNs) have been widely explored for real estate price prediction due to their ability to model complex nonlinear relationships [5]. The study in [6] combined case-based reasoning (CBR) and ANNs, achieving high accuracy while acknowledging challenges in data availability and model refinement. These studies highlight the potential of ANNs, aligning with the objective of leveraging advanced ML techniques for predictive modeling.…”
Section: Neural Network Approachmentioning
confidence: 99%
“…Prior work on FIS has been conducted. The inference system is no longer get the linguistic information from an expert only but also adapting fuzzy system using numerical data (input/output pairs) to get better performance, in this case, the accuracy of the data analysis results [2]. The development of fuzzy logic shows that fuzzy logic can model various systems, map an input into an output without losing sight of the factors, be very flexible, and have a tolerance to the existing data [3].…”
Section: Introductionmentioning
confidence: 99%