9679386125

9679386125



ECONOMETRIC EVALUATION OF REAL ESTATES IN CONTEXT OF FRISCH-WAUGH - STONE THEOREM

Sebastian Kokot, Mariusz Doszyń

University of Szczecin Department of Econometrics and Statistics email: sebastiankokot@o2.pl; madosz@wp.pl

Key words: real estate's eualuation, Frisch - Waugh - Stone theorem, econometric models.

Abstract

In the article considerations conceming regression models with one explanatory variable in real estate's assessment with elimination of other explanatory variables' impact were presented. Models with single explanatory variables with respect to influence of remaining explanatory variables in given equation were estimated.

Elimination of other explanatory variables' impact was madę on the basis of Frisch - Waugh - Stone theorem. Theoretical considerations were completed by empirical analysis in which exemplary real estate was evaluated.

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Studia i Materiały Towarzystwa Naukowego Nieruchomości - vol. 19 nr 3 2011



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