Bailey, Jason Robert; Lauria, Davide; Lindquist, W. Brent; … - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-11
We investigate the use of a P-spline generalized additive hedonic model (GAM) for real estate prices in large U.S. cities, contrasting their predictive efficiency against commonly used linear and polynomial-based generalized linear models (GLM). Using intrinsic and extrinsic factors available...