Methods explained: House price indices in the UK
نویسندگان
چکیده
منابع مشابه
Local Quantile House Price Indices
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The measurement of house prices poses significant conceptual and practical problems, mainly because dwellings are heterogeneous assets whose prices can only be observed when they are sold. There are now seven main house price indices for the United Kingdom. In broad terms, each measures one of three different concepts: the value of a representative set of house transactions; the price of a hous...
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In order to examine dynamic choices under uncertainty, some modelling of individual expectations regarding future variables is necessary. In the context of household mortgage borrowing and saving decisions, particular interest lies in processes for forecasting household income and house prices. Using data from the British Household Panel Survey, the System GMM estimator proposed by Arellano and...
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This paper extends work in the field of Constant Quality Price Indexing by using Neural Networks to estimate the model. A series of housing data sets is used to develop constant quality price indices using traditional econometric techniques and using neural networks incorporating genetic algorithms. The analysis indicates that neural networks are a real alternative to the econometric methods. I...
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ژورنال
عنوان ژورنال: Economic & Labour Market Review
سال: 2007
ISSN: 1751-8326
DOI: 10.1057/palgrave.elmr.1410013