In this paper we analyze the prediction problem and focus on building a multinomial logit model (MNL) to predict accurately, the market shares of new cars in the Swedish car fleet in the short-term future. Also, we investigate whether or not different prediction questions lead to different...

Purpose – The purpose of the paper is to verify whether the version of neighbourhoods created from the lowest geographical level improve a predictive accuracy of hedonic model in comparison with those based on upper geographical levels. Design/methodology/approach – The paper proposes a...