DocumentCode
315294
Title
Financial applications of fuzzy case-based reasoning to residential property valuation
Author
Bonissone, Piero P. ; Cheetham, William
Author_Institution
GE R&D Center, Niskayuna, NY, USA
Volume
1
fYear
1997
fDate
1-5 Jul 1997
Firstpage
37
Abstract
We present PROFIT, an advanced prototype system developed to estimate residential property values for real estate transactions. The system enhances case-based reasoning (CBR) techniques with fuzzy predicates expressing preferences in determining similarities between subject and comparable properties. These similarities guide the selection and aggregation process, leading to the final property value estimate. Fuzzy techniques are also used to generate a confidence value qualifying such estimate. PROFIT has been successfully tested on thousands of real estate transactions
Keywords
case-based reasoning; fuzzy logic; real estate data processing; PROFIT; financial applications; fuzzy case-based reasoning; fuzzy predicates; real estate transactions; residential property valuation; Appraisal; Cost accounting; Fuzzy reasoning; Fuzzy sets; Fuzzy systems; Humans; Loans and mortgages; Marketing and sales; Packaging; Research and development;
fLanguage
English
Publisher
ieee
Conference_Titel
Fuzzy Systems, 1997., Proceedings of the Sixth IEEE International Conference on
Conference_Location
Barcelona
Print_ISBN
0-7803-3796-4
Type
conf
DOI
10.1109/FUZZY.1997.616341
Filename
616341
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