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Linear And Nonlinear Appraisal Models, Billie Ann Brotman
Linear And Nonlinear Appraisal Models, Billie Ann Brotman
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In this article, the author uses nonlinear models to forecast the value of four important housing characteristics. The article explains, for example, that each additional bedroom does not add a set incremental dollar figure to the value of a house. The results suggest that nonlinear models predict housing values better than linear ones.