Forecasting House Prices in the United States with Multiple Structural Breaks

International Econometric Review -Cilt 6, Sayı 1
Sayfalar: 1-23

Yazarlar

Mahua Barari

University of Calcutta, India

Nityananda Sarkar

University of Calcutta, India

Srikanta Kundu

University of Calcutta, India

Kushal Banik Chowdhury

University of Calcutta, India

Özet

The article employs a new forecasting methodology for out-of-sample forecasting of US house prices when there might be multiple structural breaks in the time-series. For this purpose, we use a theoretical framework called 'Breaks-Unknown Forecast (BUF)', which is developed upon an already existing methodology of forecasting in the presence of breaks in time series. We, further, examine the forecasting ability of the proposed methodology against several other benchmark models, popularly used for predicting US house prices. According to our empirical findings, the Breaks-Unknown Forecast methodology outperforms other benchmark models in terms of forecasting accuracy.

Anahtar Kelimeler

House pricesstructural breaksforecastingUnited States

JEL Sınıflandırması

C22C53R31

DOI

Tam Metin

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Dergi Bilgileri

Dergi Adı
International Econometric Review
Cilt / Sayı
6 / 1
Yayın Tarihi
Aralık 2024