Das, Sonali; Gupta, Rangan; Kabundi, Alain - Economic Research Southern Africa (ERSA) - 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...