Abstract
The objective of this document is to identify the most accurate machine learning (ML) models for predicting the value of a real estate property, based on a systematic literature review (SLR). It was conducted on research published between 2022 and 2023 that analyzed the accuracy of ML models in real estate valuation. Information was extracted regarding the ML models used, the databases employed, and the models highlighted for their accuracy. A variety of ML models used in real estate valuation were identified, including Random Forest (RF), XGBoost, Gradient Boosting Machine (GBM), Linear Regression (LR), and Lasso Regression. RF and LR models stood out as the most accurate in the analyzed research, showing that the accuracy of ML models varies depending on the database, property characteristics, and valuation context. It was concluded that ML models like RF and LR are promising tools for improving the accuracy of real estate valuation. Additionally, the choice of the best ML model depends on factors such as the database, property characteristics, and specific valuation objectives. Further research is needed on the application of ML in real estate valuation, considering aspects such as model interpretability and the real estate market context.
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CITATION STYLE
Espinoza Garza, F., Martínez Ramírez, Y., Ramírez-Noriega, A., & Álvarez Sánchez, I. N. (2024). Una revisión sistemática de la literatura sobre la precisión de modelos de aprendizaje automático aplicados a la tasación de bienes raíces. Revista de Investigación En Tecnologías de La Información, 12(28), 4–16. https://doi.org/10.36825/riti.12.28.002
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