... 12 and T − k = 20 at the 5 per cent level of significance is F12,20= 2.28.The212 Real Estate Modelling and Forecasting As a result, the equilibrium real rent varies through time with the real risk-free ... office tenant demand, the ratio of government employment over the sumof the financial, insurance and real estate and service office tenants and the level of occupied stock. McGough and Tsolacos (2002), ... Bera–Jarque test) and the form of the equation with the RESET test.Normality test:BJ = 330.1526+(3.42 − 3)224= 0.37214 Real Estate Modelling and Forecasting is determined by Akaike’s...