Advanced forecasting model on land market value based on USA real estate market

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Authors
Wang, Lei
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Issue Date
2019-04-26
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Wang, Lei. 2019. Advanced forecasting model on land market value based on USA real estate market -- In Proceedings: 15th Annual Symposium on Graduate Research and Scholarly Projects. Wichita, KS: Wichita State University
Abstract

This research presents a time series estimation and prediction methods with the use of classic and advanced forecasting tools. Our discussion about different time series models is supported by giving the experimental forecast results, performed on several macroeconomic variables. Also, the main section deal with the experience of using such data in econometric analysis. Besides, the implementation of SAS and R software improve the parameter estimation and forecasting accuracy. The objective in providing crucial statistical techniques is to enable government and investors to make informed decisions regarding real estate. Most importantly, we obtain how to add value to business and apply skills set real estate in a real world environment. Eventually, the summary of various existing forecasting models can provide information to develop an appropriate forecasting model which describes the inherent feature of the series.

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Presented to the 15th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Rhatigan Student Center, Wichita State University, April 26, 2019.
Research completed in the Department of Mathematics, Statistics and Physics, Fairmount College of Liberal Arts and Sciences
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Wichita State University
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GRASP
v. 15
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