Modeling of Real Estate Prices Using the Methodics of Dichotomous Test

Aleksandras Krylovas, Natalja Kosareva, Laura Gudelytė, Tadas Laukevičius

Abstract


This article presents an analysis of the generalized dichotomous test methodologies. More as compared to the previous amount of available statistical information is used in this case. In addition, the authors seek to develop an algorithm which automatically calculates and clusters statistical data. As an example the authors take the neighbourhoods in the city of Vilnius. New algorithms will accurately cluster the Vilnius neighbourhoods by normalized price.

Keywords


mathematical modelling; creation of indicators; test; statistical methods

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"Social Technologies" ISSN online 2029-7564