주택가격 평가를 위한 위계적 선형모델 적용

Abstract

There has been a long history of research into the development and estimation of hedonic price models. A major issue lies in the integration of the conceptual and theoretical models of local housing markets with the context-insensitive nature of the standard hedonic model specification. This paper introduce new method in evaluation of housing price instead of hedonic price models. Hierarchical linear models can handle spatial autocorrelation and heteroscasdacity problem. We introduce theoretical background and suggest an example of housing price evaluation of redevelopment apartment. One level is each property and level two is dong. The results show that hlm is a useful method for the Evaluation of Housing Price.