[abstract missing - contribution appeared in the programme]

ERES:conference

ERES:conference

Foreign direct investments (FDI) have been one of the core features of globalization and the world economy over the past two decades. Statistical data shows that the level of FDI was continuously increasing during 2003-2007, but the directions and amount of such inflows differs significantly...

Pooling the forecast outcomes from different models has been shown by Makridakis (1989), Clement (1989) and others to improve out-of-sample forecast test statistics beyond any of the individual component techniques. As well as conventional combining, a different approach to forecast combination...

Location of real estate projects is one of the most important decisions to be made at the beginning of any development process. Once a property is constructed, it is attached to the place throughout the whole life cycle. Nevertheless, it also keeps affecting subsequent location decisions of...

Property performance indices are a key analytical tool for the understanding and quantitative analysis of property markets. Through the expansion of the Investment Property Databank they now exist for a wide range of countries, enabling practitioners and researchers to perform comparative...

"Globalization process generated need for changes in real estate valuation system. A common denominator for national systems was required. International Valuation Standards, which not only standardize definitions and valuation process but also establish procedures and clarify valuation...

Asset diversification has the potential to deliver enhanced risk-adjusted returns on investment portfolios. These gains are usually gauged by examining the contemporaneous correlation matrix. While this approach maybe appropriate when formulating tactical investment decisions, strategic asset...

The history of confidence intervals is discussed together with the pedagogical predilection to a parametric view of the world. The weakness of these methods is that they are not related to any measurement of probability. The inappropriateness of such an outlook in the realm of real estate is...