In this chapter I start with a discussion of the theoretical foundations of the real estate market which are important to understanding the characteristics of rent and total yield developments. Furthermore, in subchapter 3.2 I show statistical specifics which have to be considered with time series and panel data. This is followed by a discussion and evaluation of the theoretical fundamentals of the applied models in subchapter 3.3. Finally, subchapter 3.4 gives an overview of forecasting techniques and an analysis of forecasting performance measures.
KeywordsRoot Mean Square Error Real Estate Forecast Error Mean Absolute Percentage Error GARCH Model
Unable to display preview. Download preview PDF.