A Novel Machine Learning Model for Estimation of Sale Prices of Real Estate Units
A Novel Machine Learning Model for Estimation of Sale Prices of Real Estate Units
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DOI:
10.1061/(asce)co.1943-7862.0001047
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发表时间:
2016-02-01
影响因子:
5.1
通讯作者:
Adeli, Hojjat
中科院分区:
文献类型:
--
作者:
Rafiei, Mohammad Hossein;Adeli, Hojjat
Predicting the price of housing is of paramount importance for near-term economic forecasting of any nation. This paper presents a novel and comprehensive model for estimating the price of new housing in any given city at the design phase or beginning of the construction through ingenious integration of a deep belief restricted Boltzmann machine and a unique nonmating genetic algorithm. The model can be used by construction companies to gauge the sale market before they start a new construction and consider to build or not to build. An effective data structure is presented that takes into account a large number of economic variables/indices. The model incorporates time-dependent and seasonal variations of the variables. Clever stratagems have been developed to overcome the dimensionality curse and make the solution of the problem amenable on standard workstations. A case study is presented to demonstrate the effectiveness and accuracy of the model. (C) 2015 American Society of Civil Engineers.