An Introduction to the Hybrid Approach of Neural Networks and the Linear Regression Model : An Illustration in the Hedonic Pricing Model of Building Costs

This paper introduces the hybrid approach of neural networks and linear regression model proposed by Asano and Tsubaki (2003). Neural networks are often credited with its superiority in data consistency whereas the linear regression model provides simple interpretation of the data enabling researchers to verify their hypotheses. The hybrid approach aims at combing the strengths of these two well-established statistical methods. A step-by-step procedure for performing the hybrid approach is presented and a hedonic building price model is used to further illustrate the modus operandi of the hybrid approach. Our analysis on building price is based on the data in Cheung and Skitmore (2006), and we find that the hybrid approach improves their model by a better structure of the input variables for the building prices.

大東文化大学紀要. 社会科学

AA12561849

09122338

45

A1

A13

2007-03-31

英語

紀要論文

紀要論文

publisher