Economics, Econometrics and Finance
4 years ago

Predicting Beijing Housing Prices: Big Data Reveals Dominant Factors

Finance and Market
Statistical Analysis with Hedonic Pricing Models: Estimation of Real-Estate Values and Anticipation of Housing Price in Beijing, China
Haoxuan Lyu, Zeyuan Liu

Paper Summary

The article uses big data on house prices in Beijing to predict future housing prices. By analyzing various factors, the researchers identified key elements that influence real estate values. They used a hedonic pricing model to understand these factors and make accurate predictions about housing prices in Beijing.

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