<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The article presents the results of research into the appraisal of the usefulness and effectiveness of passive methods of robust estimation in real estate market analysis. Two methods are considered, i.e.: Baarda's and Pope's. The research is based on a database of flats sold in Kraków in 2015.</p><p>It has been proved that algorithms of robust estimation allow for eliminating outlying transactions from the collected database, causing the set of observations to become coherent and free of observations which might be fraught with gross error caused by the human factor.</p></abstract>

The article presents the results of research into the appraisal of the usefulness and effectiveness of passive methods of robust estimation in real estate market analysis. Two methods are considered, i.e.: Baarda's and Pope's. The research is based on a database of flats sold in Kraków in 2015.It has been proved that algorithms of robust estimation allow for eliminating outlying transactions from the collected database, causing the set of observations to become coherent and free of observations which might be fraught with gross error caused by the human factor.

Application of Passive Methods of Robust Estimation: Baarda's and Pope's in Real Estate Market Analysis

Faculty of Mining Surveying and Environmental Engineering

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The article presents the results of research into the appraisal of the usefulness and effectiveness of passive methods of robust estimation in real estate...

Application of Passive Methods of Robust Estimation: Baarda's and Pope's in Real Estate Market Analysis

Published Online: Apr 16, 2018

Page range: 5 - 15

DOI: https://doi.org/10.2478/remav-2018-0001

Keywords
robust estimation, real estate market analysis, residential properties, Baarda's method, Pope's method

© 2018 Beata Śpiewak, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Application of Passive Methods of Robust Estimation: Baarda's and Pope's in Real Estate Market Analysis

Published Online: Apr 16, 2018

Page range: 5 - 15

DOI: https://doi.org/10.2478/remav-2018-0001

Keywordsrobust estimation, real estate market analysis, residential properties, Baarda's method, Pope's method

© 2018 Beata Śpiewak, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
robust estimation, real estate market analysis, residential properties, Baarda's method, Pope's method