The Use of Indicator Kriging for Analyzing Prices in the Real Estate Market

The patterns and relations between real estate prices and the factors which shape them can be presented, among others, in the form of traditional statistical models, as well as by means of geostatistical methods. In the case of research involving the diagnosis and prediction of transaction prices, the key role is played by the spatial aspect, hence the particular significance of geostatistical methods using spatial information.