ENHANCING INFORMATION USE TO IMPROVE PREDICTIVE PERFORMANCE IN PROPERTY MARKETS
||Wilson, Patrick J.; John Okunev, Patrick J. Wilson
||ENHANCING INFORMATION USE TO IMPROVE PREDICTIVE PERFORMANCE IN PROPERTY MARKETS
||7th European Real Estate Society Conference (14-16 June 2000) Bordeaux, France
||Pooling the forecast outcomes from different models has been shown by Makridakis (1989), Clement (1989) and others to improve out-of-sample forecast test statistics beyond any of the individual component techniques. As well as conventional combining, a different approach to forecast combination is also followed in this paper viz. we use a method suggested more recently by Ridley (1997, 1999) in which negatively correlated forecasts are combined to see if this offers improved out-of-sample forecasting performance in property markets.
Post discussion ...
||A5 - Modelling and forecasting National and Regional Property Markets
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