IDEAS home Printed from https://ideas.repec.org/a/wiw/wiwreg/region_1_1_31.html
   My bibliography  Save this article

The use of combination forecasting approach and its application to regional market analysis

Author

Listed:
  • Arvydas Jadevicius

Abstract

Econometric modelling of the property market has been exercised for several decades. Despite advancements in the field, there is still an element of uncertainty in property market modelling and forecasting. This uncertainty arises due to prevailing modelling practices. On one hand, researchers select the best performing model and disregard alternatives. On the other hand, researchers face a dilemma in deciding which model to choose when competing specifications produce different results. A possible solution is to use the principle of combination forecasting to reduce uncertainty and improve accuracy. Certainly, combination forecasting has its limitations. One criticism is that combination forecasting has predominantly focused on national property markets analysis. To enhance the application of combination forecasting, it would be useful to use it in research on regional markets analysis.

Suggested Citation

  • Arvydas Jadevicius, 2014. "The use of combination forecasting approach and its application to regional market analysis," REGION, European Regional Science Association, vol. 1, pages 1-7.
  • Handle: RePEc:wiw:wiwreg:region_1_1_31
    as

    Download full text from publisher

    File URL: https://openjournals.wu.ac.at/ojs/index.php/region/article/view/31/version/22
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Krzysztof DRACHAL, 2015. "Cointegration of Property Prices in Poland," Expert Journal of Economics, Sprint Investify, vol. 3(1), pages 1-4.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wiw:wiwreg:region_1_1_31. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gunther Maier (email available below). General contact details of provider: http://www.ersa.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.