The Comparative Approach theory for real estate valuation

D 2014

The Comparative Approach theory for real estate valuation

CUPAL, Martin

Základní údaje

Originální název

The Comparative Approach theory for real estate valuation

Autoři

CUPAL, Martin

Vydání

Turecko, Procedia Social and Behavioral Sciences, od s. 19-23, 5 s. 2014

Nakladatel

Academic World Education & Research Center

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Turecko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

Odkaz na článek ve WoS

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/14:00074918

Organizační jednotka

Ekonomicko-správní fakulta

ISSN

DOI

https://doi.org/10.1016/j.sbspro.2013.12.414

UT WoS

000335570200003

Klíčová slova anglicky

comparative approach; market value; Hotellings T2

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 10. 3. 2015 14:38, doc. Ing. et Ing. Martin Cupal, Ph.D. et Ph.D.

Anotace

V originále

Comparative approach is embedded in the International valuation standards (IVS) or also in European valuation standards (EVS) as a main approach to receive a market value of realty. Course this is conditional on the existence of the real estate market, its supply and demand. This paper introduces advanced and detailed procedure against the usual classical procedure of qualified valuers and appraisers. Specifically in the comparative approach procedure were included diagnostic procedures based on statistical approach, mainly because of the type of good that is significantly heterogeneous and inclusion of vector calculus. Main task is to improve the process of selecting the basic sample data into sample set, ie qualitative analysis. It is very necessary, because in the event of poor performance of this step arises incorrect assumption when processing the sample data. This step should be improved by including cluster analysis (CLU), where each entity in the calculation with their variables, ie as a cross-sectional data. Values of each variable and their combination for one observing will indicate the degree of heterogeneity of the observing. Another way could be to use Hotelling T-2 control chart. It also allows qualitative selection of data the basic set. However the paper contains the entire procedure within the comparative approach, the unified methodology that is supported by the model cases

Návaznosti

MUNI/A/0753/2012, interní kód MU

Název: Evropské finanční systémy 2013 (Akronym: EFS)

Investor: Masarykova univerzita, Evropské finanční systémy 2013, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

CUPAL, Martin. The Comparative Approach theory for real estate valuation. Online. In Iacob, AI. Procedia Social and Behavioral Sciences. Turecko: Academic World Education & Research Center, 2014, s. 19-23. ISSN 1877-0428. Dostupné z: https://doi.org/10.1016/j.sbspro.2013.12.414.

@inproceedings{1160077,
   author = {Cupal, Martin},
   address = {Turecko},
   booktitle = {Procedia Social and Behavioral Sciences},
   doi = {https://doi.org/10.1016/j.sbspro.2013.12.414},
   editor = {Iacob, AI},
   keywords = {comparative approach; market value; Hotellings T2},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Turecko},
   pages = {19-23},
   publisher = {Academic World Education & Research Center},
   title = {The Comparative Approach theory for real estate valuation},
   url = {http://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=1&SID=V18s9u7Qn7xs49wXpZ3&page=1&doc=2},
   year = {2014}
}

TY  - CONF
ID  - 1160077
AU  - Cupal, Martin
PY  - 2014
TI  - The Comparative Approach theory for real estate valuation
PB  - Academic World Education & Research Center
CY  - Turecko
KW  - comparative approach
KW  - market value
KW  - Hotellings T2
UR  - http://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=1&SID=V18s9u7Qn7xs49wXpZ3&page=1&doc=2
N2  - Comparative approach is embedded in the International valuation standards (IVS) or also in European valuation standards (EVS) as a main approach to receive a market value of realty. Course this is conditional on the existence of the real estate market, its supply and demand. This paper introduces advanced and detailed procedure against the usual classical procedure of qualified valuers and appraisers. Specifically in the comparative approach procedure were included diagnostic procedures based on statistical approach, mainly because of the type of good that is significantly heterogeneous and inclusion of vector calculus. Main task is to improve the process of selecting the basic sample data into sample set, ie qualitative analysis. It is very necessary, because in the event of poor performance of this step arises incorrect assumption when processing the sample data. This step should be improved by including cluster analysis (CLU), where each entity in the calculation with their variables, ie as a cross-sectional data. Values of each variable and their combination for one observing will indicate the degree of heterogeneity of the observing. Another way could be to use Hotelling T-2 control chart. It also allows qualitative selection of data the basic set. However the paper contains the entire procedure within the comparative approach, the unified methodology that is supported by the model cases
ER  -

CUPAL, Martin. The Comparative Approach theory for real estate valuation. Online. In Iacob, AI. \textit{Procedia Social and Behavioral Sciences}. Turecko: Academic World Education \&{} Research Center, 2014, s.~19-23. ISSN~1877-0428. Dostupné z: https://doi.org/10.1016/j.sbspro.2013.12.414.

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