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A Study on Regional Forecasting Framework Using Machine Learning According to the Changes in Commercial Property Behaviors with ICT Growth

Choi, Jin do 1 Chang Yohan 1 I TaLy 1

1국토연구원

Accredited

ABSTRACT

Advanced information and communication technology (ICT) stimulates several changes in our lives, including social economics and living environments. Especially in urban areas, those changes stretch to commercial properties such as the emerging needs of e-commerce and spending behaviors of customers. Now, our commercial properties face several big movements which may affect our ecosystems in social economics in several ways. This study aims to explore how such ecosystems operate in diverse fashions and to present how our ecosystems would be changed in the near future with jurisdictional level. This study found several significant clues that the future demands of commercial properties may differ and vary across jurisdictions with changes in urban spatial. To be specific, our results found that the demand forecasting of the facility groups for the first- and second-category will have negative trends across Gangwon-si, Choong-chung-do, and Jeju-si in the near future. Also, sales facilities show positive trends in the central business district (CBD) area and similar trends can be found for office facilities in Daejeon-si, Sejong-si, and Ulsan-si. This study expects that the developed framework in this study can play a meaningful role as a policy decision supporting tool since estimated demands in commercial properties can prove useful in urban planning, such as in identifying the appropriate supply that meets certain demands.

Citation status

* References for papers published after 2023 are currently being built.