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Factors influencing housing prices: A comparative study using multiple linear regression and random forest

2024· article· en· W4404048592 on OpenAlexaff

Bibliographic record

VenueTheoretical and Natural Science · 2024
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsUniversity of Waterloo
Fundersnot available
KeywordsRandom forestLinear regressionEconometricsStatisticsRegressionMathematicsEnvironmental scienceEconomicsGeographyComputer scienceArtificial intelligence

Abstract

fetched live from OpenAlex

The method is to construct a multiple linear regression model to examine the variables that significantly affect US home prices. The dataset has 13 variables and 545 observations, and it was obtained via Kaggle. This paper also considers comparing the multiple linear regression models and random forest model for predicting house prices and thus concludes which model can most accurately predict house prices. The result indicates that the factors including area, quantity of bedrooms and bathrooms, the existence of a basement, and state of the furnishings, etc. significantly impact housing prices. By comparing Root Mean Squared Error (RMSE) and Mean Absolute Percentage Error (MAPE), the conclusion suggests that the multiple linear regression model marginally surpasses the random forest regarding the accuracy of the predictions, despite the fact that both models function similarly. This research offers practical applications for enhancing real estate market strategies and provides valuable insights into the factors influencing housing prices.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.007
metaresearch head score (Gemma)0.022
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.019
Threshold uncertainty score0.038

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0070.022
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.002
Bibliometrics0.0040.007
Science and technology studies0.0000.000
Scholarly communication0.0010.002
Open science0.0010.000
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0020.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.044
GPT teacher head0.285
Teacher spread0.241 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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