The Econometric Procedures of Specific Transaction Identification

Open access


The paper presents the econometric procedures of identifying specific transactions, in which atypical conditions or attributes may occur. These procedures are based on studentized and predictive residuals of the accordingly specified econometric models. The dependent variable is a unit transactional price, and explanatory variables are both the real properties’ attributes and accordingly defined artificial binary variables. The utility of the proposed method has been verified by means of a real market data base. The proposed procedures can be helpful during the property valuation process, making it possible to reject real properties that are specific (both from the point of view of the transaction conditions and the properties’ attributes) and, consequently, to select an appropriate set of similar attributes that are essential for the valuation process.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Charemza W.W. Deadman D.F. (1997). Nowa ekonometria. Warszawa: PWE.

  • Doszyń M. (2013). Skłonności w ekonomii. Ujęcie ilościowe. Szczecin: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego.

  • Greene W.H. (2003). Econometric analysis. Fifth edition. Upper Saddle River New Jersey: Prentice Hall.

  • Hozer J. (1993). Mikroekonometria. Analizy diagnozy prognozy. Warszawa: PWE.

  • Kucharka-Stasiak E. (2010). Odwzorowanie cech nieruchomości w cenach i skutki dla procesu wyceny. Studia i Materiały Towarzystwa Naukowego Nieruchomości 18 (3) 7-15.

  • Pawłowski Z. (1976). Ekonometryczna analiza procesu produkcyjnego. Warszawa: PWN.

Journal information
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 126 51 3
PDF Downloads 67 36 1