Araştırma Makalesi

Cluster Analysis for Housing Market Segmentation

Cilt: 29 Sayı: 49 30 Temmuz 2021
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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

  1. Aksoy, S. & R.M. Haralick (2001), “Feature normalization and likelihood-based similarity measures for image retrieval”, Pattern Recognition Letters, 22(5), 563-582.
  2. Anselin, L. (1988), Spatial Econometrics: Methods and Models, Dordrecht: Kluwer Academic Publishers.
  3. Anselin, L. (1990), “Spatial dependence and spatial structural instability in applied regression analysis”, Journal of Regional Science, 30(2), 185-209.
  4. 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.
  5. Bishop, C.M. (2006), Pattern Recognition and Machine Learning, Springer, New York, USA.
  6. 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.
  7. Bourassa, S.C. & F. Hamelink & M. Hoesli & B.D. MacGregor (1999), “Defining housing submarkets”, Journal of Housing Economics, 8, 160-183.
  8. 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

Yazarlar

Elena Irwin Bu kişi benim
United States

Yayımlanma Tarihi

30 Temmuz 2021

Gönderilme Tarihi

7 Ocak 2021

Kabul Tarihi

31 Mart 2021

Yayımlandığı Sayı

Yıl 2021 Cilt: 29 Sayı: 49

Kaynak Göster

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

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