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Regional Real Property Valuation Forecast Accuracy, Katherine Nicole Cote
Regional Real Property Valuation Forecast Accuracy, Katherine Nicole Cote
Open Access Theses & Dissertations
The purpose of this study is to identify, evaluate, and critique four econometric and statistical alternatives to present forecasting practices for property valuation forecasts: (1) a traditional income elasticity method, (2) a regional structural econometric model, (3) a statistical ARIMA method, and (4) trend analysis. Forecast evaluation for 2001-2007 will be conducted for the property valuations of Single and Multi-Family residences and Commercial and Industrial properties in El Paso, Texas (MSA).