DFG project on artificial neural networks (ANN) starts.

The German Research Foundation (DFG) and the Austrian Science Fund (FWF) are funding the project "Artificial Neural Networks as 'Automated Valuation Modeling' for Real Estate Valuation" (ANN4REV) for 3 years as a joint project of TU Dresden (Alexandra Weitkamp and Matthias Soot) and TU Vienna (Hans Neuner and Sabine Horvath). As part of the project, the focus is on the improvement of the ANN in real estate valuation context, particularly with regard to the necessary amount of data and complexity of models. To this end, data from various spatial, functional and temporal markets will be jointly analyzed. Data from the offer market will also be integrated into the evaluation. In addition to the further technical development of the ANN, the acceptance of modern machine learning methods by users is also to be researched.