Knight, J. R.; Hill, R. Carter; Sirmans, C. F. - In: Real Estate Economics 20 (1992) 3, pp. 427-456
This paper introduces the use of non-sample, prior information to the problem of predicting prices of heterogeneous products. Using data from the 1983 American Housing Survey, the predictive performance of three Stein-like empirical Bayes estimation rules are compared to the least squares...