Qualitative and quantitative methods for assessing the similarity of real estate
Baranska, Anna
This paper proposes using various qualitative and quantitative methods to establish similarity criteria of real estate. The problem of assessing the similarity is a key issue in the comparative approach to real estate appraisal in which the appraiser selects properties most similar to the appraised one from a collected database. Algorithms for establishing the degree of similarity may be based on estimating absolute differences between qualitative characteristics.
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