Das, Sonali; Gupta, Rangan; Kabundi, Alain - Department of Economics, Faculty of Economic and … - 2008
This paper uses the Dynamic Factor Model (DFM) framework, which accommodates a large cross-section of macroeconomic time series for forecasting regional house price inflation. As a case study, we use data on house price inflation for five metropolitan areas of South Africa. The DFM used in this...