Seasonal Effect of Housing Price

The Seasonal Effect of lodging Price Hui Li San Francisco put up University 1. Introduction The statistic of lodging basis in fall in State is correct when we exampled it for comparison. For the circumstance that the seasonal worker worker upshot would shake up house damage assorted, and which is non actual change. So it is discerning to separate the seasonal issuance from the actual lodging monetary value changing. This paper aimed to examine how house price would be affect by while and seasonal component. And by using while series to analyse, I arrive at out that the house price was related to succession and divers(prenominal) season would have different effect on trapping price. 2. The selective information The selective information of this paper comes from the electronic network site of U.S. Census Bureau. I choose the monthly data of average housing flagrant revenue price (dollars), for the block amongst January 2001 to December 2010. in that location are 120 observations for 10 years. And the observing region is the United States. I should mention that at that place are two kinds of data for housing price. I use the not seasonally adjusted one, against the seasonally adjusted data, for the enquiry for seasonal fact. 3. The model The model would start with patently the relationship between housing price and condemnation. I would use the log of housing price, for the convenience seeing the theatrical role change. 3.1 while thin out First, I would finalize the type of duration slip here. In order to do this, I did the experiments with linear time trend, quadratic equation time trend and cubic time trend. For the linear time trend, I got the simple model corresponding this Ln(houseprice)= 12.35+0.

002 time (1) By examining the criteria AIC and BIC( dress), I made table-1 to show the transaction of each experiment. | | unidimensional Trend |Quadratic Trend | solid Trend | |AIC | -222.4964 | -184.6793 |-168.7391 | |SIC | -216.9214...If you postulate to get a dear essay, order it on our website: Ordercustompaper.com

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