The Hierarchical Repeat Sales Model for Granular Commercial Real Estate and Residential Price Indices
This paper concerns the estimation of granular property price indices in commercial real estate and residential markets. We specify and apply a repeat sales model with multiple stochastic log price trends having a hierarchical additive structure: One common log price trend and cluster specific log p...
| Main Authors: | , |
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| Other Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Springer US,
2017-10-13T16:05:23Z.
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| Subjects: | |
| Online Access: | Get fulltext |