Hedonic pricing using geostatistical

Question

Hi,

I am trying to estimate property value ( hedonic pricing)  using  ArcGIS. I have  point data ( single family house) which holds information like address, market value, area in sq. ft, etc.  I am interested to use very simple approach to estimate property value ( single family house)  difference within certain buffer from coastal area.So, what is/are possible way/s to estimate property difference?

Thanks in advance !

ParkerChadwell · Answer

Do you know how to create a dummy variable for an address' intersection with a buffer in the attribute table?

Eric6346 · Answer

There aren't any explicit modules or add-ons or anything for non-linear models.  However, you may be able to manually transform your predictor variables to linearize them (Box-Cox or logarithmic transformations, for example).  You would need to create a new field in your feature class, then use the Field Calculator to manually apply the transformation.

PeterMarkus · Answer

Hallo!

I´m trying to make an hedonic price index of buildings per  the cost of qm. But I have some nonlinear parameters in my model. Is ther an extantion for GWR avaiable for nonlinear models? Or loglinear?

Thanks!

Peter