Authors : Zachary Wong , Milam Aiken and Mahesh B. Vanjani
Abstract: Real estate price appraisal is inherently risky because of the reliance on a large quantity of subjective data. Many appraisals are based upon statistical multiple regression analysis, but the application of an artificial neural network can improve accuracy substantially. A study using data from 486 home sales in the Boston, Massachusetts area illustrates the advantages of the technique.
Zachary Wong , Milam Aiken and Mahesh B. Vanjani , 2005. Application of Artificial Neural Networks to Real Estate Appraisals . Asian Journal of Information Technology, 4: 607-613.