THE chattering classes could soon be turning up for dinner parties clutching
their laptops, if software that can accurately forecast house prices—that
perennial conversation topic—takes off. A prototype program based on
artificial-intelligence routines has already proved itself accurate to within
3.8 percent when predicting house price movements in Britain over the last three
years.
The AI-based software package is being perfected by Ian Wilson’s team at
Glamorgan University, with funding from the British government’s Engineering and
Physical Sciences Research Council. “We want to provide more informed, objective
opinion about how property values might move and what the consequences…
