Tomasz Stachurski, Tomasz Ża̧dło, Alicja Wolny-Dominiak
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引用次数: 0
Abstract
Measuring and predicting price dispersion on the real estate market is an important issue for both investors and policymakers. Price dispersion in the housing market can be seen as an additional dimension for measuring social inequality and one of the main goals of public policies that focus on life satisfaction and the accumulation of permanent wealth. The article considers the Polish real estate market and proposes the prediction methods of four measures of dispersion. They are based on quantiles and allow overall measurement of dispersion. In the prediction of dispersion measures the plug-in predictors utylizing longitudinal mixed models are proposed. Furthermore, the ex ante prediction accuracy measure called the quantile of absolute prediction errors (QAPE) is assessed using the residual bootstrap estimators. QAPE allows for a comprehensive description of the distribution of prediction errors, thus fostering discussion of possible various market scenarios.
期刊介绍：
Since its foundation in 1974, Social Indicators Research has become the leading journal on problems related to the measurement of all aspects of the quality of life. The journal continues to publish results of research on all aspects of the quality of life and includes studies that reflect developments in the field. It devotes special attention to studies on such topics as sustainability of quality of life, sustainable development, and the relationship between quality of life and sustainability. The topics represented in the journal cover and involve a variety of segmentations, such as social groups, spatial and temporal coordinates, population composition, and life domains. The journal presents empirical, philosophical and methodological studies that cover the entire spectrum of society and are devoted to giving evidences through indicators. It considers indicators in their different typologies, and gives special attention to indicators that are able to meet the need of understanding social realities and phenomena that are increasingly more complex, interrelated, interacted and dynamical. In addition, it presents studies aimed at defining new approaches in constructing indicators.
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