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Application of the Likert and Osgood Scales to Quantify the Qualitative Features of Real Estate Properties

Folia Oeconomica Stetinensia. 2016;16(2):7-16 DOI 10.1515/foli-2016-0021

 

Journal Homepage

Journal Title: Folia Oeconomica Stetinensia

ISSN: 1898-0198 (Online)

Publisher: Sciendo

Society/Institution: University of Szczecin

LCC Subject Category: Social Sciences: Finance | Social Sciences: Economic theory. Demography

Country of publisher: Poland

Language of fulltext: English

Full-text formats available: PDF

 

AUTHORS


Foryś Iwona (University of Szczecin, Faculty of Economics and Management, Institute of Econometrics and Statistics, Mickiewicza 64, 71-101 Szczecin, Poland)

Gaca Radosław (BBN Domator, Gdańska 5/3a, 85-005 Bydgoszcz, Poland)

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 32 weeks

 

Abstract | Full Text

The variables used in statistical research can be measured on different scales. According to Stevens the most common division of measurement scales distinguish four main types: nominal, ordinal, interval and ratio. The chosen scale of measurement implies further the possibility of applying certain statistical methods. For socio-economic research it is frequent that among independent variables appear variables of a qualitative nature. This study presents the idea of the application of the Likert and Osgood scales for the evaluation and quantification of qualitative variables in the real estate valuation process.