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| Using Geographic Information Systems to
Improve Real Estate Analysis Author: Mauricio Rodriguez, C.F. Sirmans, and Allen P. Marks Start Page: 163 Abstract: Geographic information
systems (GIS) technology provides users with the ability to improve real estate analysis.
First, we describe GIS in general and then discuss some GIS real estate applications.
Next, we illustrate how GIS can be used to calculate a shortest-path algorithm that
produces a location variable superior to the traditionally used straight-line distance
variable. Our sample provides empirical evidence of a statistically significant
relationship between residential sales prices and the additional information provided by
the GIS-created variable. |
