The purpose of this paper was to measure the effect of location on evaluating land value with the implementation of GIS coupled with spatial statistical analysis. We assumed that the hedonic price model, which was generally used in this case, could...
The purpose of this paper was to measure the effect of location on evaluating land value with the implementation of GIS coupled with spatial statistical analysis. We assumed that the hedonic price model, which was generally used in this case, could not explain the spatial effect fully. Because the hedonic price model was a location-blind model. We considered that the residual of hedonic price model were relevant to spatial effect and was analyzed to investigate spatial autocorrelation. Also, this research study reviewed the integration processes needed to complement a commercial GIS system to perform spatial statistic analysis.
This objective was been accomplished through the processes such as overlay, interporlation and other spatial analyses. The most of these procedures are used to manage the geostatistic data, which was one of three general classes of spatial data: lattice data, point data, and geostatistic data. The 54 data sampled from 1421 parcel-based land price data were used to predict the unsampled land value according to Kriging which was on the basis of spatial autocorrelation between the locations of vector data. This Kriging process allowed the spatial correlations to be incorporated into the predictions.
We selected the S+ArcView link system as a modular approach. It was the one of recently developed implementation techniques which linked ESDA and GIS by means of a combination of loose or close coupling methods. The distinguishing characteristic of this technique was a close coupling between the S-Plus software as a statistical analysis server and ArcView as the client. It was obtained through a set of specialized functions that take advantage of the S+API and are loaded as an extension to ArcView. This method allowed the user to enter S-Plus commands through a GUI in ArcView and to pass the spatial data to S-Plus for use in the S+Spatialstats module, in which the variogram cloud plot was readily developed.
The result is expected to be applied to the following. We finds that the spatial autocorrelation from a variogram analysis is very useful to estimate or predict the land value associated with spatial context. Namely, the premium and penalities due to spatial neighborhood effect and accessibility can be applied to noting the location, giving a value that includes both structure and neighborhood effects. In addition, it is also expected to determine the similar neighborhood boundary on the basis of being estimated location effects. finally, if ESDA and CSDA is ideally suited to be integrated with GIS, the spatial analysis capacity in GIS is able to be extended.