Application of AI in Data Collection and Processing for Use in Multiple Regression Models for Property Valuation Cover Image

Приложение на изкуствения интелект за събиране и обработка на данни за прилагане в множествени регресионни модели при оценка на недвижими имоти
Application of AI in Data Collection and Processing for Use in Multiple Regression Models for Property Valuation

Author(s): Yana Stoencheva, Borislav Borisov
Subject(s): Economy, Business Economy / Management
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: artificial intelligence; hedonic price; multiple regression; property valuation; sales comparison approach; adjustment factor

Summary/Abstract: This article examines the potential of AI as instrument for data collection and processing, and its use in property valuation. Some Bulgarian and international publications on the topic are reviewed. Data from over 1,000 housing sale offers in 11 metropolitan districts have been collected and processed using AI, specifically the ChatGPT platform. A hedonic regression analysis was conducted on a cleaned sample of offers. The study draws conclusions on the role of AI in collecting and processing large-scale databases, as well as on the application of the hedonic pricing model in real estate valuation using the comparative approach. Recommendations for further elaboration of the model and advancing the research have been proposed.

  • Issue Year: X/2026
  • Issue No: 1
  • Page Range: 007-016
  • Page Count: 10
  • Language: Bulgarian
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