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- Title
MUNICIPAL NON-RESIDENTIAL REAL PROPERTY VALUATION FORECAST ACCURACY.
- Authors
Cote, K. Nicole Arnold; Smith, Wm. Doyle; Fullerton, Thomas M.
- Abstract
The article presents a study on the evaluation of the accuracy of statistical and econometric alternatives to the existing forecasting practices for nonresidential property valuation. It includes the income elasticity method, statistical ARIMA method, regional structural econometric model, and trend analysis. The study indicates that the random walk with drift model has outperformed other forecasting methods.
- Subjects
VALUATION of real property; ECONOMIC forecasting; NONRESIDENTIAL property; BOX-Jenkins forecasting; ECONOMETRIC models; TREND analysis
- Publication
International Journal of Business & Economics Perspectives, 2011, Vol 6, Issue 1, p56
- ISSN
1931-907X
- Publication type
Article