Empirical results: Total yield forecasting

This chapter examines the total yield, which is a return measure combining rental and price yields.¹⁰¹ I proceed similar as in subchapter 5.1.1, 5.2 and 5.4 to simplify the comparison with the rent model analysis. As can be noticed, I was only able to undertake the multivariate examination, since the total yield series for the individual cities are too short to run a univariate analysis. This also implies that only certain hypotheses could be tested empirically for the total yield series.