Das, Sonali; Gupta, Rangan; Kabundi, Alain - In: Journal of Forecasting 30 (2011) 2, pp. 288-302
This paper uses the dynamic factor model framework, which accommodates a large cross-section of macroeconomic time series, for forecasting regional house price inflation. In this study, we forecast house price inflation for five metropolitan areas of South Africa using principal components...