House Price Prediction Using LSTM

In this paper, we use the house price data ranging from January 2004 to October 2016 to predict the average house price of November and December in 2016 for each district in Beijing, Shanghai, Guangzhou and Shenzhen. We apply Autoregressive Integrated Moving Average model to generate the baseline while LSTM networks to build prediction model. These algorithms are compared in terms of Mean Squared Error. The result shows that the LSTM model has excellent properties with respect to predict time series. Also, stateful LSTM networks and stack LSTM networks are employed to further study the improvement of accuracy of the house prediction model.

[1]  Kelvyn Jones,et al.  Comparing multilevel modelling and artificial neural networks in house price prediction , 2015, 2015 2nd IEEE International Conference on Spatial Data Mining and Geographical Knowledge Services (ICSDM).

[2]  Osman Aytekin,et al.  The use of fuzzy logic in predicting house selling price , 2010, Expert Syst. Appl..

[3]  Jürgen Schmidhuber,et al.  Long Short-Term Memory , 1997, Neural Computation.

[4]  Jeffrey L. Elman,et al.  Finding Structure in Time , 1990, Cogn. Sci..

[5]  A Brint,et al.  Predicting a house's selling price through inflating its previous selling price , 2009, J. Oper. Res. Soc..

[6]  Jürgen Schmidhuber,et al.  Learning to forget: continual prediction with LSTM , 1999 .