Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

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Real estate price prediction in Nanning based on grey model

Authors
Hao Cheng1, *, Jian Yang2, Chengyuan Fan1, Hengfeng Xiang3, Wenli Zhou1, Ren Lin2
1School of Computer Science and Information Security, Guilin University of Electronic Technology, Guilin, 541004, Guangxi, People’s Republic of China
2School of Mathematics and Computing Science, Guilin University of Electronic Technology, Guilin, Guangxi, 541004, People’s Republic of China
3School of Electronic Engineering and Automation, Guilin University of Electronic Technology, Guilin, Guangxi, 541004, People’s Republic of China
*Corresponding author. Email: 916988974@qq.com
Corresponding Author
Hao Cheng
Available Online 28 September 2023.
DOI
10.2991/978-94-6463-260-6_72How to use a DOI?
Keywords
linear regression moving average method GM(0,N) model posterior difference test
Abstract

With the rapid development of society and economy, the development of the real estate industry has always been in a leading position, but the change of housing prices has led to housing problems affecting every Chinese people. This paper predicts the trend of real estate prices in Nanning in the next 10 years. Firstly, a grey model is established, the simulation sequence is obtained by substituting the serial number of the relevant year, and the predicted value is compared with the original value by the posterior difference test method. Then, a grey GM(1, 1) model is established for the four main factors affecting housing prices respectively to predict the statistical values of these four factors in the next ten years. For the overfitting phenomenon existing in the prediction of some factors, linear regression fitting is used to predict the data in the next ten years after verifying the correlation. Finally, GM(0, N) estimation formula is used to forecast the real estate price in Nanning in the next ten years.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
28 September 2023
ISBN
978-94-6463-260-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-260-6_72How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hao Cheng
AU  - Jian Yang
AU  - Chengyuan Fan
AU  - Hengfeng Xiang
AU  - Wenli Zhou
AU  - Ren Lin
PY  - 2023
DA  - 2023/09/28
TI  - Real estate price prediction in Nanning based on grey model
BT  - Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)
PB  - Atlantis Press
SP  - 575
EP  - 583
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-260-6_72
DO  - 10.2991/978-94-6463-260-6_72
ID  - Cheng2023
ER  -