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even more pronounced at longer forecasting horizons (the forecast accuracy gain as measured by the root mean squared … spatial dependence structure into regional forecasting models, especially, when long-term forecasts are made. …
Persistent link: https://www.econbiz.de/10012039490
In this paper, we evaluate the forecasting ability of 115 indicators to predict the housing prices and rents in 71 … tested in a framework of a quasi out-of-sample forecasting. Its results are quite heterogeneous. No single indicator appears …
Persistent link: https://www.econbiz.de/10010238830
predict the dynamics of home rents and prices in the nearest future. In this paper, we evaluate the forecasting ability of 115 … framework of a quasi out-of-sample forecasting. Its results are quite heterogeneous. No single indicator appears to dominate all …
Persistent link: https://www.econbiz.de/10011505867
favour a similar economic performance among adjacent regions. Therefore, proper forecasting of socio-economic variables, such …
Persistent link: https://www.econbiz.de/10011349204
Persistent link: https://www.econbiz.de/10014529004
-of-sample forecasting exercise, we find that both pooling and accounting for spatial effects helps to substantially improve the forecast …-of-sample forecasting of the growth rates of flats' prices and rents for the next six months is done. It shows that in most cities both … ; forecasting ; dynamic panel model ; spatial autocorrelation ; German cities …
Persistent link: https://www.econbiz.de/10009579231
In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to … different predictors is tested in a framework of a quasi out-of-sample forecasting. Its results are quite heterogeneous. No … surveys. We also find that combinations of individual forecasts are consistently selected among the top forecasting models …
Persistent link: https://www.econbiz.de/10010482020
Although the housing prices in the 127 largest German cities have surged strongly in recent years, there is still no sign of a Germanywide housing bubble. In comparison with 2009, the price of condominiums has risen by around 55 percent. Single-family houses cost between 38 and 45 percent more...
Persistent link: https://www.econbiz.de/10011669510
In this paper, we evaluate the forecasting ability of 115 indicators to predict the housing prices and rents in 71 … tested in a framework of a quasi out-of-sample forecasting. Its results are quite heterogeneous. No single indicator appears …
Persistent link: https://www.econbiz.de/10014148833
-of-sample forecasting exercise, we find that both pooling and accounting for spatial effects helps to substantially improve the forecast …-of-sample forecasting of the growth rates of flats' prices and rents for the next six months is done. It shows that in most cities both …
Persistent link: https://www.econbiz.de/10014040904