Comparing econometric analyses with machine learning approaches: a study on Singapore private property market

• Main Authors: Bian, Tingbin, Chen, Jin, Feng, Qu, Li, Jingyi
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2022
• Subjects: Social sciences::Economic development; Singapore Property Price; Hedonic Model
• Online Access: https://hdl.handle.net/10356/155087
• Institution: Nanyang Technological University

We aim to compare econometric analyses with machine learning approaches in the context of Singapore private property market using transaction data covering the period of 1995-2018. A hedonic model is employed to quantify the premiums of important attributes and amenities, with a focus on the premium...