The hierarchical trend model

Open Access
Authors
Publication date 2008
Host editors
  • T. Kauko
  • M. d'Amato
Book title Mass appraisal methods: An international perspective for property valuers
ISBN
  • 9781405180979
Series Real estate issues
Pages (from-to) 164-180
Number of pages 332
Publisher Chichester: Wiley-Blackwell
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam Business School Research Institute (ABS-RI)
Abstract This chapter presents a time-series model for the selling prices of houses, called the hierarchical trend model. In The Netherlands, this model has been used to value approximately one million houses for property tax purposes without any significant problems. In the city of Amsterdam this model has been operational for more than ten years.
Document type Chapter
Published at
https://doi.org/10.1002/9781444301021.ch8 (Final published version)
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