Application of Data Mining Technology in Evaluating Real Estate Investment Plan Based on GRA-AHP. (August 2019)

• Record Type: Journal Article
• Authors: Meier, Zhuang; Pan, Wen-Tsao; Zhuohong, Shi; Yingying, Zhou; Zuchang, Zhong
• Is Part Of: Journal of physics. Volume 1284(2019)
• Publication Date: 2019-08
• Subjects: Physics -- Congresses; 530.5
• DOI: 10.1088/1742-6596/1284/1/012037
• Languages: English
• ISSNs: 1742-6588

Abstract

Abstract: Data mining and information technology is increasingly important in the era of big data. Many researches have been discussing the application of data mining and information technology in all walks of life. To further explore the practical value of data mining technology in economic and business field, this paper studies its application in evaluating real estate investment plans. R software is applied as the statistical computing console and relative program code is created to implement grey relational analysis-analytical hierarchy process(GRA-AHP), which establishes an improved evaluation model of decision-making. Firstly, the related data of the research is divided into several layers, namely the target layer, criteria layer and plan layer. In the criteria layer, the processing method is different from previous research because in this paper the indicator value of the plan layer to the criteria layer is calculated based on grey relational analysis rather than the pairwise comparison judgment matrix proposed by previous scholars, which makes this analysis more scientific and accurate. Then the plan layer single sort weight and the total sort weight of each plan can be calculated to provide reference for the final investment decision. This paper aims to propose a better evaluation method in the real estate investment and promote the application of data mining technology in economic fields.