Table 5. Compliance of the alignment of... | Emerald Publishing

Table 5.

Compliance of the alignment of the surveyed housing markets to clusters between the baseline and alternative scenarios

Alternative scenario definition	Clustering method	Compatibility of the match with the baseline scenario(%)
Panel A: 3-cluster division
Size and quality indexes	k-means++	94.21
Size and price indexes	k-means++	33.42
Quality and price indexes	k-means++	87.89
Only size index	k-means++	32.37
Only quality index	k-means++	81.58
Only price index	k-means++	40.00
Size, quality and price indexes	Spectral	85.26
Panel B: 4-cluster division
Size and quality indexes	k-means++	88.42
Size and price indexes	k-means++	34.47
Quality and price indexes	k-means++	80.79
Only size index	k-means++	32.63
Only quality index	k-means++	69.74
Only price index	k-means++	48.68
Size, quality and price indexes	Spectral	81.05

Alternative scenario definition	Clustering method	Compatibility of the match with the baseline scenario(%)
Panel A: 3-cluster division
Size and quality indexes	k-means++	94.21
Size and price indexes	k-means++	33.42
Quality and price indexes	k-means++	87.89
Only size index	k-means++	32.37
Only quality index	k-means++	81.58
Only price index	k-means++	40.00
Size, quality and price indexes	Spectral	85.26
Panel B: 4-cluster division
Size and quality indexes	k-means++	88.42
Size and price indexes	k-means++	34.47
Quality and price indexes	k-means++	80.79
Only size index	k-means++	32.63
Only quality index	k-means++	69.74
Only price index	k-means++	48.68
Size, quality and price indexes	Spectral	81.05