The Application of VAR Model to Forecast Real Estate Price
Zhou Fen
Abstract
Zhou Fen
Abstract
The real estate price forecasting is important for investment decision——making and adjustment.This paper takes Wuhan real estate market as research object,forecasts the real estate price by using VAR model.The result indicates that the forecast precision of the model is higher.It is useful for for government and enterprises to forecasts the real estate price.
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The real estate price forecasting is important for investment decision——making and adjustment.This paper takes Wuhan real estate market as research object,forecasts the real estate price by using VAR model.The result indicates that the forecast precision of the model is higher.It is useful for for government and enterprises to forecasts the real estate price.
Key concepts: Real estate, Real estate investment trust, Capitalization rate, Cost approach, Investment (military), Economics, Econometrics, Government (linguistics)