Logit Modelling as a Tool Supporting Decision Making in the Real Estate Market

Abstract

The article includes a logit model construction process to support the process of decision making in real estate market. The model of logistic regression which has been elaborated, shall define the probability of transactions in the real estate market and it will indicate statistic variables which influence the demand significantly. The process of decision making (based on logit models) - substantially prepared and correctly executed - is a key determinant having influence on improving the competitiveness of companies, especially during the global economic crisis.