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http://dx.doi.org/10.15207/JKCS.2021.12.11.027

Pattern Analysis of Apartment Price Using Self-Organization Map  

Lee, Jiyoung (KIS Pricing)
Ryu, Jae Pil (KIS Pricing)
Publication Information
Journal of the Korea Convergence Society / v.12, no.11, 2021 , pp. 27-33 More about this Journal
Abstract
With increasing interest in key areas of the 4th industrial revolution such as artificial intelligence, deep learning and big data, scientific approaches have developed in order to overcome the limitations of traditional decision-making methodologies. These scientific techniques are mainly used to predict the direction of financial products. In this study, the factors of apartment prices, which are of high social interest, were analyzed through SOM. For this analysis, we extracted the real prices of the apartments and selected a total of 16 input variables that would affect these prices. The data period was set from 1986 to 2021. As a result of examining the characteristics of the variables during the rising and faltering periods of the apartment prices, it was found that the statistical tendencies of the input variables of the rising and the faltering periods were clearly distinguishable. I hope this study will help us analyze the status of the real estate market and study future predictions through image learning.
Keywords
Self-Organization Map; Clustering; Data Mining; Apartment prices; Property;
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