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The 2006 sudden and immense downturn in U.S. House Prices sparked the 2007 global financial crisis and revived the interest about forecasting such imminent threats for economic stability. In this paper we propose a novel hybrid forecasting methodology that combines the Ensemble Empirical Mode...
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We implement several Bayesian and classical models to forecast housing prices in 20 US states. In addition to standard …, we compare the forecast performance of the alternative models. Based on the average root mean squared error (RMSE) for …
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