Eres : Digital Library : Works

Paper eres2013_10:
Property Market Modelling and Forecasting: A Case for Simplicity

id eres2013_10
authors Jadevicius, Arvydas; Brian Sloan, Andrew Brown
year 2013
title Property Market Modelling and Forecasting: A Case for Simplicity
source 20th Annual European Real Estate Society Conference in Vienna, Austria
summary The paper investigates whether complex property market forecasting techniques are better at forecasting than simple specifications. As the research and initial modelling results suggest, simple models outperform the more complex structures. It therefore calls analysts to make forecasts more user-friendly, and for researchers to pay greater attention to the development and improvement of simpler forecasting techniques or simplification of more complex structures. Further planned research will present an alternative simple modelling approach, which was successfully employed by economists, helping to achieve greater predictive outcomes.
keywords Equifinality, Modelling, Property, UK
series ERES:conference
type paper session
content file.pdf (200,593 bytes)
discussion No discussions. Post discussion ...
session G-5: Market Research, Analysis & Forecasting
last changed 2014/10/21 21:51
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