It is of important economic interest to understand the market for sales of residential properties. Customary analysis focuses on explaining selling price using property and neighborhood characteristics, so-called hedonic models. Here, our interest is in understanding the locations of the sales. The set of such locations forms a space-time point pattern. With interest in comparing different types of property sales, we obtain marked space-time point patterns according to the size of property. We focus on sales in the city of Zaragoza in Spain during a 10 year period. We employ nonhomogeneous Poisson process models as well as log Gaussian Cox process models, fitted within a Bayesian ramework, with investigation of model adequacy and model comparison.
Paci, L., Gelfand, A. E., Beamonte, M. A., Gargallo, P., Salvador, M., Bayesian modeling of spatio-temporal point patterns in residential property sales, in Proceedings of the 48th scientific meeting of the Italian Statistical Society, (Salerno, 08-10 June 2016), NA, NA 2016: 1-6 [http://hdl.handle.net/10807/98626]
Autori: | ||
Titolo: | Bayesian modeling of spatio-temporal point patterns in residential property sales | |
Data di pubblicazione: | 2016 | |
Abstract: | It is of important economic interest to understand the market for sales of residential properties. Customary analysis focuses on explaining selling price using property and neighborhood characteristics, so-called hedonic models. Here, our interest is in understanding the locations of the sales. The set of such locations forms a space-time point pattern. With interest in comparing different types of property sales, we obtain marked space-time point patterns according to the size of property. We focus on sales in the city of Zaragoza in Spain during a 10 year period. We employ nonhomogeneous Poisson process models as well as log Gaussian Cox process models, fitted within a Bayesian ramework, with investigation of model adequacy and model comparison. | |
Lingua: | Inglese | |
Titolo del libro: | Proceedings of the 48th scientific meeting of the Italian Statistical Society | |
ISBN: | 9788861970618 | |
Editore: | NA | |
Nome del convegno: | 48 scientific meeting of the Italian Statistical Society | |
Luogo del convegno: | Salerno | |
Data inizio evento: | 2016-06-08 | |
Data fine evento: | 2016-06-10 | |
Citazione: | Paci, L., Gelfand, A. E., Beamonte, M. A., Gargallo, P., Salvador, M., Bayesian modeling of spatio-temporal point patterns in residential property sales, in Proceedings of the 48th scientific meeting of the Italian Statistical Society, (Salerno, 08-10 June 2016), NA, NA 2016: 1-6 [http://hdl.handle.net/10807/98626] | |
Appare nelle tipologie: | Atti di Convegno, Congresso, Giornate di studio, ecc., Workshop (in volume) |