the forecasts, given the local nature of real-estate markets. The forecast accuracy of different predictors is tested in a … confidence at the national level, consumer confidence, and price-to-rent ratios. Even better forecast precision can be achieved … by combining individual forecasts. On average, the forecast improvements attain about 20%, measured by reduction in RMSFE …

In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to … facilitate substantial improvements of the forecasts, given the local nature of the real-estate markets. The forecast accuracy of … possible to detect when using full-sample estimation information. On average, the forecast improvements attain about 20 …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

verified by the use of such recursive measures of relative forecast accuracy as Cumulated Sum of Squared Forecast Error … Difference (CSSFED) and Recursive Relative Mean Squared Forecast Error (based on Rearranged observations) (R2MSFE(+R)). Ignoring …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

multicointegrated systems. For the forecast evaluation we consider several loss functions, each of which has a particular interpretation … square forecast error (MSFE) criterion focuses on the forecast errors of the flow variables alone. Likewise, a loss function … based on the triangular representation of cointegrated systems (suggested by Christoffersen and Diebold) considers forecast …