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dc.contributor.authorBelasco, Eric J.
dc.contributor.authorFarmer, M. C.
dc.contributor.authorLipscomb, C.
dc.identifier.citationBelasco, E.J., M.C. Farmer, and C. Lipscomb. "Using a Finite Mixture Model of Heterogeneous Households to Delineate Housing Submarkets." Journal of Real Estate Research. Vol. 34, No. 4 (2012): 577-594.en_US
dc.description.abstractWe use a finite mixture model to identify latent submarkets from household demographics that estimates a separate hedonic regression equation for each submarket. The method is a relatively robust empirical tool to extract submarkets from demographic information with far less effort than suspected. This method draws from latent class models to group observations in a straightforward data-driven manner. Additionally, the unique information about each submarket is easily derived and summarized. Results are also shown to more convincingly sort submarkets than a prior study in the same area that used more comprehensive data.en_US
dc.subjectHome economicsen_US
dc.titleUsing a Finite Mixture Model of Heterogeneous Households to Delineate Housing Submarketsen_US
mus.citation.journaltitleJournal of Real Estate Researchen_US
mus.identifier.categoryBusiness, Economics & Managementen_US
mus.identifier.categorySocial Sciencesen_US
mus.relation.collegeCollege of Agriculture
mus.relation.collegeCollege of Agricultureen_US
mus.relation.departmentAgricultural Economics & Economics.en_US
mus.relation.universityMontana State University - Bozemanen_US

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