IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2000_123.html
   My bibliography  Save this paper

Enhancing Information Use To Improve Predictive Performance In Property Markets

Author

Listed:
  • Patrick J. Wilson
  • John Okunev
  • Patrick J. Wilson

Abstract

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 is also followed in this paper viz. we use a method suggested more recently by Ridley (1997, 1999) in which negatively correlated forecasts are combined to see if this offers improved out-of-sample forecasting performance in property markets.

Suggested Citation

  • Patrick J. Wilson & John Okunev & Patrick J. Wilson, 2000. "Enhancing Information Use To Improve Predictive Performance In Property Markets," ERES eres2000_123, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2000_123
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2000-123
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2000_123. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.