ANALYSES ON FACTORS OF LAND PRICE BY APPLYING MIXED GEOGRAPHICALLY WEIGHTED REGRESSION MODELS IN RESIDENTIAL AREA IN NAGOYA IN 2002 AND 2012

Abstract

This study aims to obtain knowledge about the way of application to land price formation model by MGWR Model as targeting land price of residential area in Nagoya in 2002 and 2012. In the analysis, we tried to study the mixed model by classified explanatory variables into local variables that depend on locality and global variables that does not. Consequently, it was found to improve the estimation accuracy through the study of mixed model. Further, illustrating the spatial pattern in land-price forming component, the applicability of these models are examined in two time points.