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Volume 40, Number 01, April 2008 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/45534
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| Title: | El Paso Housing Sector Econometric Forecast Accuracy |
| Authors: | Fullerton, Thomas M., Jr.
Kelley, Brian W. |
| Keywords: | applied econometrics
metropolitan housing sector forecasts |
| JEL Codes: | C53
R15
R31 |
| Issue Date: | 2008-04 |
| Series/Report no.: | JAAE |
| Abstract: | There is comparatively little empirical evidence regarding the accuracy of regional housing
sector forecasts. Much of the recent analysis conducted for this topic is developed for
housing starts and indicates a relatively poor track record. This study examines residential
real estate forecasts previously published for El Paso, TX using a structural econometric
model. Model coverage is much broader than just starts. Similar to earlier studies, the
previously published econometric predictions frequently do not fare very well against the
selected random walk benchmarks utilized for the various series under consideration. |
| URI: | http://purl.umn.edu/45534 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 40, Number 01, April 2008 |
| Total Pages: | 18 |
| From Page: | 385 |
| To Page: | 402 |
| Collections: | Volume 40, Number 01, April 2008
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| jaae-40-01-385.pdf | | 317Kb | PDF | View/Open |
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