numeric 12
The Spatially-Conscious Machine Learning Model
Kiely, Timothy J., Bastian, Nathaniel D.
Successfully predicting gentrification could have many social and commercial applications; however, real estate sales are difficult to predict because they belong to a chaotic system comprised of intrinsic and extrinsic characteristics, perceived value, and market speculation. Using New York City real estate as our subject, we combine modern techniques of data science and machine learning with traditional spatial analysis to create robust real estate prediction models for both classification and regression tasks. We compare several cutting edge machine learning algorithms across spatial, semi-spatial and non-spatial feature engineering techniques, and we empirically show that spatially-conscious machine learning models outperform non-spatial models when married with advanced prediction techniques such as feed-forward artificial neural networks and gradient boosting machine models.
- North America > United States > New York > Bronx County > New York City (0.04)
- North America > United States > Virginia > Fairfax County (0.04)
- North America > United States > New York > New York County > New York City (0.04)
- (8 more...)
- Law (1.00)
- Health & Medicine (1.00)
- Government > Regional Government > North America Government > United States Government (1.00)
- Banking & Finance > Real Estate (1.00)
- Information Technology > Artificial Intelligence > Representation & Reasoning > Spatial Reasoning (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Performance Analysis > Accuracy (1.00)
- Information Technology > Artificial Intelligence > Machine Learning > Statistical Learning > Regression (0.69)
- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning (0.67)