TR
EN
Cluster Analysis for Housing Market Segmentation
Öz
Cluster analysis is often used to determine housing submarkets. However, commonly used methods cannot handle mixed-mode data when variables of different types and units are combined. We propose new similarity measures that handle both continuous and categorical variables using normalization and discretization steps and partial match criteria. These measures are used in agglomerative hierarchical clustering with a formulation where the optimal number of clusters is automatically determined without a priori information regarding the number of submarkets. The experiments using housing sales data show that the proposed measures perform better than the commonly used standardized Euclidean distance in identifying submarkets.
Anahtar Kelimeler
Destekleyen Kurum
National Science Foundation Grant
Proje Numarası
DEB-0410336
Kaynakça
- Aksoy, S. & R.M. Haralick (2001), “Feature normalization and likelihood-based similarity measures for image retrieval”, Pattern Recognition Letters, 22(5), 563-582.
- Anselin, L. (1988), Spatial Econometrics: Methods and Models, Dordrecht: Kluwer Academic Publishers.
- Anselin, L. (1990), “Spatial dependence and spatial structural instability in applied regression analysis”, Journal of Regional Science, 30(2), 185-209.
- Bates, L.K. (2006), “Does Neighborhood Really Matter? Comparing historically Defined neighborhood boundaries with housing submarkets”, Journal of Planning Education and Research, 26, 5-17.
- Bishop, C.M. (2006), Pattern Recognition and Machine Learning, Springer, New York, USA.
- Boberg, J. & T. Salakoski (1993), “General formulation and evaluation of agglomerative clustering methods with metric and non-metric distances”, Pattern Recognition, 26(9), 1395-1406.
- Bourassa, S.C. & F. Hamelink & M. Hoesli & B.D. MacGregor (1999), “Defining housing submarkets”, Journal of Housing Economics, 8, 160-183.
- Clapp, J.M. & Y. Wang (2006), “Defining neighborhood boundaries: Are census tracts obsolete?”, Journal of Urban Economics, 59, 259-284.
Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonomi
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
30 Temmuz 2021
Gönderilme Tarihi
7 Ocak 2021
Kabul Tarihi
31 Mart 2021
Yayımlandığı Sayı
Yıl 2021 Cilt: 29 Sayı: 49
APA
Ara Aksoy, S., & Irwin, E. (2021). Cluster Analysis for Housing Market Segmentation. Sosyoekonomi, 29(49), 11-32. https://doi.org/10.17233/sosyoekonomi.2021.03.01
AMA
1.Ara Aksoy S, Irwin E. Cluster Analysis for Housing Market Segmentation. Sosyoekonomi. 2021;29(49):11-32. doi:10.17233/sosyoekonomi.2021.03.01
Chicago
Ara Aksoy, Shihomi, ve Elena Irwin. 2021. “Cluster Analysis for Housing Market Segmentation”. Sosyoekonomi 29 (49): 11-32. https://doi.org/10.17233/sosyoekonomi.2021.03.01.
EndNote
Ara Aksoy S, Irwin E (01 Temmuz 2021) Cluster Analysis for Housing Market Segmentation. Sosyoekonomi 29 49 11–32.
IEEE
[1]S. Ara Aksoy ve E. Irwin, “Cluster Analysis for Housing Market Segmentation”, Sosyoekonomi, c. 29, sy 49, ss. 11–32, Tem. 2021, doi: 10.17233/sosyoekonomi.2021.03.01.
ISNAD
Ara Aksoy, Shihomi - Irwin, Elena. “Cluster Analysis for Housing Market Segmentation”. Sosyoekonomi 29/49 (01 Temmuz 2021): 11-32. https://doi.org/10.17233/sosyoekonomi.2021.03.01.
JAMA
1.Ara Aksoy S, Irwin E. Cluster Analysis for Housing Market Segmentation. Sosyoekonomi. 2021;29:11–32.
MLA
Ara Aksoy, Shihomi, ve Elena Irwin. “Cluster Analysis for Housing Market Segmentation”. Sosyoekonomi, c. 29, sy 49, Temmuz 2021, ss. 11-32, doi:10.17233/sosyoekonomi.2021.03.01.
Vancouver
1.Shihomi Ara Aksoy, Elena Irwin. Cluster Analysis for Housing Market Segmentation. Sosyoekonomi. 01 Temmuz 2021;29(49):11-32. doi:10.17233/sosyoekonomi.2021.03.01