Property Valuation Modeling and Forecasting 4 pdf

... forecast Forecast period 1Q07–4Q07 4Q06 5 .47 5 .47 1Q07 5.25 5 .42 −0.053 2Q07 5.25 5 .44 0.021 3Q07 5.07 5.38 −0.061 4Q07 5.28 5. 34 −0.037 Forecast period 1Q06–4Q06 4Q05 5.96 5.96 1Q06 5.89 5.95 ... −1.98 −1. 84 4,2 −2.16 −1.99 4, 3 −2.17 −1.98 4, 4 −2.15 −1.93 49 .42 , although it is still significant at the 1 per cent level (p = 0.00). We also observe a seasonal pattern at lags 4,...

Ngày tải lên: 21/06/2014, 12:20

... Modelling and Forecasting Table 7.6 White’s test for heteroscedasticity Model A Model B Constant 0 .44 Constant 63.30 VAC t−1 47 .70 VAC t −12.03 VAC t−1 2 −8.05 VAC t 2 0.53 OFSg t 84. 18 OFSg t 69 .41 OFSg t 2 −19.35 ... −0.0001 GDP per capita R 2 = 0 .48 ˆ y = 8.88 14 − 0.1229 lease length R 2 = 0.12 ˆ y = 4. 4117 +1 .45 3 transparency R 2 = 0. 34 ˆ y = 3.2739 +0.7607 liquidit...

Ngày tải lên: 21/06/2014, 12:20

... 6 245 4 040 343 33129 VAR(2) 8075726761635 647 AR(2) 808079817375 747 1 Long-termmean403 940 38 343 33132 (b) CB Hillier Parker rents series VAR(1) 7666676 949 4 341 47 AR(2) 78808179737877 74 Long-termmean4 241 4 240 343 533 34 Note: ... −1 .44 7 −3.5 84 −5 .45 8 −7.031 −8 .44 5 −9.902 −11. 146 −12.657 AR(2) −1. 845 −2. 548 −2.5 34 −1.979 −1. 642 −1 .42 5 −1.2 04 −1.239 Long-term mean...

Ngày tải lên: 21/06/2014, 12:20

... −0.12 0.68 − 2.02 − 2.50 − 3.29 − 3.33 − 3.01 RENT t−1 1 .46 1.37 1. 34 RENT t−1 0.59 0.57 0.56 12.18 11. 14 10.77 5. 34 5.09 4. 81 RENT t−2 −1.12 −1.03 −1.01 RENT t−2 −0. 54 −0. 54 −0. 54 −5.90 −5 .43 −5.38 4. 84 4. 86 4. 84 RENT t−3 0.85 0.77 0. 74 ... Employment GDP 140 .0 120.0 100.0 80.0 60.0 40 .0 20.0 0.0 160.0 140 .0 120.0 100.0 80.0 60.0 40 .0 (a) Real rent and...

Ngày tải lên: 21/06/2014, 12:20

... 0. 040 7 (1.02)(0 .46 )(1.10) AS t−2 −0. 044 2 −0.0229 −0.0162 (−0. 54) (−0 .48 )(−0 .44 ) US t−1 0.0576 −0.0233 0.0326 (0 .44 )(−0.31)(0.56) US t−2 0.0910 0.0532 0.0779 (0.71)(0.71)(1. 34) EU t−1 0.1267 0.38 54 0.2320 (0.69)(3.60)(2.78) EU t−2 −0.1138 ... = ⎛ ⎜ ⎜ ⎝ π 11 π 12 π 13 π 14 π 21 π 22 π 23 π 24 π 31 π 32 π 33 π 34 π 41 π 42 π 43 π 44 ⎞ ⎟ ⎟ ⎠ (12.69) If r = 1, s...

Ngày tải lên: 21/06/2014, 12:20

... 211, 323 4, 358 unexpected 344 , 360–2 information criteria 242 4 adjusted R 2 119–20 Akaike’s (AIC) 243 4 Hannan–Quinn (HQIC) 243 4 Schwartz’s Bayesian (SBIC) 243 4 in-sample forecasts 2 74 intercept ... CUSUMSQ tests 186 data cross-sectional 42 macroeconomic 42 panel 43 , 43 6 qualitative 44 time series 42 transformed 143 4 data frequencies 41 –2 data mining 123 4 data rev...

Ngày tải lên: 21/06/2014, 12:20

... your database. Introduction to Oracle: SQL and PL/SQL Using Procedure Builder8Ć 34 Overview of Data Modeling and Database Design 8Ć25 Integrity Constraints and Keys continued Primary Keys Each row ... other candidates become alternate keys or unique keys. They must be UNIQUE and NOT NULL. Introduction to Oracle: SQL and PL/SQL Using Procedure Builder8Ć 24 Introduction to Oracle:...

Ngày tải lên: 21/12/2013, 06:17

... knocked-in Enhanced forward Buy an up -and- in– down -and- in call/sell an up -and- in–down- and- in put; buy an up -and- out–down- and- out call/buy an up -and- out– down -and- out put If the currency stays within ... screaming through 4. 40, 4. 45, 4. 50, only peaking out at around 4. 55. In the first six months of 2001, the zloty appreciated by around 10% against its old basket value,...

Ngày tải lên: 20/06/2014, 18:20

... +3.27EFBSg t (4. 10) The coefficients ˆα and ˆ β are computed based on the formulae (4. 4) and (4. 5) – that is, ˆ β =  x t y t − T ¯ x ¯ y  x 2 t − T ¯ x 2 = 41 5. 64 − 6.55 363.60 − 238.37 = 3.27 and ˆα = 0.08 −3.27 ... to write (4A.5) as T ¯ y − T ˆα −T ˆ β ¯ x = 0 (4A.6) or ¯ y − ˆα − ˆ β ¯ x = 0 (4A.7) From (4A.3),  t x t (y t − ˆα − ˆ βx t ) = 0 (4A.8) From (4A.7), ˆα = ¯ y −...

Ngày tải lên: 20/06/2014, 20:20

... Strategy 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 1975 1976 1977 1978 1979 1980 1981 1982 1983 19 84 1985 1986 1987 1988 1989 1990 1991 1992 1993 19 94 1995 1996 1997 1998 1999 2000 −8.0 −6.0 4. 0 −2.0 0.0 2.0 4. 0 6.0 8.0 10.0 12.0 DM/USD (Left) 3-M USD/DM (Right) Stable markets and negative ... E.F. (19 84) . Forward and spot exchanges. Journal of Monetary Economics 14, 319–338. Fro...

Ngày tải lên: 21/06/2014, 07:20