Property Estate Modelling and Forecasting 1 doc

... Tokyo 200 12 0 10 0 80 60 60 40 20 0 −20 −40 −60 40 20 0 1Q93 19 71 1974 19 77 19 80 19 83 19 86 19 89 19 92 19 95 19 98 20 01 2004 2007 1Q96 1Q99 1Q02 3Q03 3Q06 1Q05 3Q94 3Q97 3Q00 0 1Q78 1Q80 1Q82 1Q84 1Q86 1Q88 1Q90 1Q92 1Q94 1Q96 1Q98 1Q00 1Q02 1Q04 1Q06 Figure ... −3.7 2 .1 9.9 9.5 2005 0.8 4.7 10 .4 10 .1 2006 9.6 8.0 11 .1 11. 7 2007 9.9 13 .3 11 .3 13 .3 Min −3.7...

Ngày tải lên: 20/06/2014, 20:20

... SBIC 1, 1 1. 94 1. 87 1, 2 1. 95 1. 85 1, 3 1. 98 1. 89 1, 4 1. 97 1. 83 2 ,1 1. 92 1. 83 2,2 1. 92 1. 80 2,3 1. 95 1. 81 2,4 1. 93 1. 77 3 ,1 1. 97 1. 85 3,2 1. 95 1. 81 3,3 −2 .18 −2.02 3,4 −2 .15 1. 96 4 ,1 ... mid -19 80s, together with the sum of the dummies at each point in time, presented in the last column. D1 D2 D3 D4Sum 19 86 Q1 1 0 0 0 1 Q2 010 01 Q30 010 1 Q400 011...

Ngày tải lên: 20/06/2014, 20:20

... equations 305 16 Student’s t distribution 58–60 sub-sample 69, 17 9–85 Sydney office market 210 , 323, 390–4 t-ratio test 11 3 15 t-test 63, 10 1, 11 3, 12 4, 12 8 take-up 6–7, 16 0, 19 5, 303, 3 21 References ... 206–7 residual diagnostics 2 41 residual sum of squares (RSS) 78, 11 1, 11 5 18 residual term 79–80 restricted model 3 41 restrictions, number of 12 5–8, 13 7, 14...

Ngày tải lên: 20/06/2014, 20:20

... 71. 6 68.7 19 94 699 10 7.3 6 51. 4 92.3 7.6 807.3 79.7 74.3 19 95 918 10 8.3 847.6 93 .1 9.9 1, 0 51. 1 10 4.7 96.7 19 96 933 11 0.5 844.3 95.0 9.8 1, 046.9 10 6.4 96.3 19 97 878 11 2.7 779 .1 96.9 9 .1 965.9 10 0 .1 ... index 2 nominal 1 19 91 = 10 0 real 1 2004 = 10 0 real 2007 prices 1 nominal real 19 91 877 10 0.0 877.0 86.0 10 .2 1, 087 .1 100.0 10 0.0...

Ngày tải lên: 21/06/2014, 00:20

... analysis 81 25 (yoy%) (yoy%) 20 15 10 5 −5 10 1 −2 −3 15 −20 −25 19 79 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 19 79 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 0 (a) ... by ˆ β and adding ˆα will 84 Real Estate Modelling and Forecasting 20 (yoy %) Actual Fitted (%) 15 10 5 0 19 79...

Ngày tải lên: 21/06/2014, 07:20

... B Fitted Actual Fitted 30 20 10 10 −20 −30 0 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 2000 2002 2004 2006 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 (%) (%) 30 Model A Model B 20 10 10 −20 0 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 (%) Figure ... (0 .10 ) (0. 01) (0.00...

Ngày tải lên: 21/06/2014, 07:20

... 3.82 14 .57 324.36 2 01. 44 12 .37 31. 81 2004 13 .30 13 . 81 0. 51 0. 51 0.26 17 6.89 19 0.69 12 .37 0.86 2005 −3.64 12 .46 8.82 8.82 77.87 13 .25 15 5.35 12 .37 76. 21 2006 −4.24 −4.65 0. 41 0. 41 0 .17 17 .98 ... −F Naive 2003 18 . 01 17 .06 −0.95 0.95 0.90 324.36 2 91. 10 12 .37 31. 81 2004 13 .30 14 .93 1. 63 1. 63 2.67 17 6.89 223.04 12 .37 0.86 2005 −3.64 11 .12 7.48...

Ngày tải lên: 21/06/2014, 07:20

... Tokyo 200 12 0 10 0 80 60 60 40 20 0 −20 −40 −60 40 20 0 1Q93 19 71 1974 19 77 19 80 19 83 19 86 19 89 19 92 19 95 19 98 20 01 2004 2007 1Q96 1Q99 1Q02 3Q03 3Q06 1Q05 3Q94 3Q97 3Q00 0 1Q78 1Q80 1Q82 1Q84 1Q86 1Q88 1Q90 1Q92 1Q94 1Q96 1Q98 1Q00 1Q02 1Q04 1Q06 Figure ... −2.0 19 93 5.8 −0 .1 −2.5 −0 .1 1994 3.4 2.0 −0.7 2.0 19 95 −0.7 −2.0 0.8 2 .1 1996 −2.5 7.3 2.6 2.6 19 97...

Ngày tải lên: 22/06/2014, 17:20

... %) (euros) (index) (%) (%)(%) (%) 0 19 80 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 19 83 19 86 19 89 19 92 19 95 19 98 20 01 2004 2007 19 80 19 83 19 86 1...

Ngày tải lên: 22/06/2014, 17:20

... B Fitted Actual Fitted 30 20 10 10 −20 −30 0 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 2000 2002 2004 2006 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 (%) (%) 30 Model A Model B 20 10 10 −20 0 19 81 1983 19 85 19 87 19 89 19 91 1993 19 95 19 97 19 99 20 01 2003 2005 2007 (%) Figure 7.3 Actual, fitted and re...

Ngày tải lên: 22/06/2014, 17:20