Housing Price Prediction

Housing Price Prediction

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The objective of this paper is to evaluate the performance of the grey relational analysis in predicting the housing price for the real estate market of Taiwan. An instance-based approach which used k-nearest neighbor classifier was also applied for performance comparison. The grey relational analysis was modified to calculate the weighted synthesis of the top ten matching instances through various weighting strategies. The experimental results in this paper concluded that the grey relational analysis outperformed the instance-based approach in terms of the mean absolute error, root mean squar...