A forecast comparison of residential housing prices by parametric versus semiparametric conditional mean estimators
R Gencay, X Yang - Economics letters, 1996 - Elsevier
The hedonic price model involves examining how the price of a commodity varies with the
set of characteristics it possesses and has been used extensively in the housing market
literature. The majority of the previous literature has concentrated on the parametric
specifications of the hedonic price model by estimating econometric specifications such as
ordinary least squares or Box-Cox models; all restrict the functional form and interaction ...
set of characteristics it possesses and has been used extensively in the housing market
literature. The majority of the previous literature has concentrated on the parametric
specifications of the hedonic price model by estimating econometric specifications such as
ordinary least squares or Box-Cox models; all restrict the functional form and interaction ...
