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Every hedonic price index is an estimate of an unknown economic parameter. It depends, in practice, on one or more random samples of prices and characteristics of a certain good. Bootstrap resampling methods provide a tool for quantifying sampling errors. Following some general reflections on...
Persistent link: https://www.econbiz.de/10004988911
Lifetime estimation is significant in engineering asset management. However, the estimate of lifetime or failure time could be misleading as it may not reveal the real value. Therefore, confidence intervals need to be built to quantify the prediction uncertainty. For the Gamma process, which is...
Persistent link: https://www.econbiz.de/10009437741
We propose a wild bootstrap procedure for linear regression models estimated by instrumental variables. Like other bootstrap procedures that we have proposed elsewhere, it uses efficient estimates of the reduced-form equation(s). Unlike them, it takes account of possible heteroskedasticity of...
Persistent link: https://www.econbiz.de/10008794398
We propose a wild bootstrap procedure for linear regression models estimated by instrumental variables. Like other bootstrap procedures that we have proposed elsewhere, it uses efficient estimates of the reduced-form equation(s). Unlike them, it takes account of possible heteroskedasticity of...
Persistent link: https://www.econbiz.de/10011940749
We propose a wild bootstrap procedure for linear regression models estimated by instrumental variables. Like other bootstrap procedures that we have proposed elsewhere, it uses efficient estimates of the reduced-form equation(s). Unlike them, it takes account of possible heteroskedasticity of...
Persistent link: https://www.econbiz.de/10005688408
The aim of our article is to analyze the dynamics of housing prices in the secondary housing market in Warsaw from Q1 2006 to Q3 2013, taking into account the spatial relationship between prices. In the first part of this research we compare the geographically weighted regression with a linear...
Persistent link: https://www.econbiz.de/10011212536
The aim of our article is to analyze the dynamics of housing prices in the secondary housing market in Warsaw from Q1 2006 to Q3 2013, taking into account the spatial relationship between prices. In the first part of this research we compare the geographically weighted regression with a linear...
Persistent link: https://www.econbiz.de/10011111156
On June 27–30, 2007, we organized at the Geneva School of Business Administration an International Symposium entitled "Hedonic Methods in Real Estate". During the first day, called the "Swiss hedonic day", Swiss researchers from universities, consulting firms and banks discussed the models...
Persistent link: https://www.econbiz.de/10005427598
On June 27–30, 2007, we organized at the Geneva School of Business Administration an International Symposium entitled "Hedonic Methods in Real Estate". During the first day, called the "Swiss hedonic day", Swiss researchers from universities, consulting firms and banks discussed the models...
Persistent link: https://www.econbiz.de/10011933182
In this Paper we propose an alternative to traditional hedonics for estimating new multiunit housing inflation, adjusting for quality changes. By relying on the within-site variation we control in a very general way for unobserved housing characteristics using site-specific effects. Precise...
Persistent link: https://www.econbiz.de/10005114200