Fuzzy logic methodology and multiple regressions for residential real-estates valuation in urban areas

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dc.contributor.authorYalpir S.
dc.contributor.authorÖzkan G.
dc.date.accessioned2020-03-26T18:22:14Z
dc.date.available2020-03-26T18:22:14Z
dc.date.issued2011
dc.departmentSelçuk Üniversitesien_US
dc.description.abstractValuation of real-estates is one of today's most popular study fields. The valuation ethods have changed due to life standard differences and locations of the countries. Nowadays, classical valuation methods are used for this aim in most countries. However, as a result of the rapid development in computer technologies, the artificial intelligence applications are now been used in the valuation of real-estates that are of great importance to the economies of the countries. In this study, the valuation of 120 residential real estates existing at the Konya, Turkey was made with fuzzy logic and multiple regression techniques using some of the properties of these real estates. The area, age, floor condition, physical properties and location of the real-estate were considered the input variables, and the market value of the estate was determined as the output variable. The real-estate valuation process executed with the Fuzzy Inference Systems (FIS) and Multiple Regression Analysis (MRA). Mamdani approach is preferred in FIS for this study. According to the results, the market prices were obtained as 87% accuracy with FIS and 83% accuracy with MRA. In addition, R 2 and RMSE values were 0.85 and 19 for FIS, 0.64 and 30 for MRA, respectively. © 2011 Academic Journals.en_US
dc.identifier.endpage2436en_US
dc.identifier.issn1992-2248en_US
dc.identifier.issue12en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage2431en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12395/27238
dc.identifier.volume6en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.relation.ispartofScientific Research and Essaysen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectFuzzy logicen_US
dc.subjectMamdanien_US
dc.subjectMultiple regressionsen_US
dc.subjectResidential real-estate valuationen_US
dc.titleFuzzy logic methodology and multiple regressions for residential real-estates valuation in urban areasen_US
dc.typeArticleen_US

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