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Paper: eres2013_10
| Paper title: | Property Market Modelling and Forecasting: A Case for Simplicity |
| Authors: | Jadevicius, Arvydas; Brian Sloan, Andrew Brown |
| 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. |
| Type: | paper session |
| Year of publication: | 2013 |
| Keywords: | Equifinality, Modelling, Property, UK |
| Series: | ERES:conference |
| Download paper: | /pdfs/eres2013_10.content.pdf |
| Citation: | Jadevicius, Arvydas; Brian Sloan, Andrew Brown (2013). Property Market Modelling and Forecasting: A Case for Simplicity. 20th Annual European Real Estate Society Conference in Vienna, Austria, http://itc.scix.net/paper/eres2013_10 |
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