Representative Residential Property Model—Soft Computing Solution

Abstract

Residential properties are a major component of the environment and economy and a key element for the quality of human life. Faced with disruptive ideological and technological changes in the world, real estate analysis has also become a key research problem for many academic centers and private institutions. Due to the complex nature of properties, they are one of the most difficult and troublesome subjects of analysis. Given the rapid advancements in competitive automated analytical models, the problem of data representative sample selection may prove to be a very wide-reaching subject. The aim of this paper was the assessment of the particular soft computing methods’ (e.g., Self-Organizing Maps, Rough Set Theory) usefulness for selecting a representative property model. The obtained results confirm that the use of these methods leads to the creation of a model that enables a more reality-based view of the uncertainty and imprecise residential environment.