DocumentCode
3409434
Title
Forecasting research on real estate prices in Shanghai
Author
Zhang, Yifan ; Liu, Sifeng ; He, Shawei ; Fang, ZhiGeng
Author_Institution
Coll. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing, China
fYear
2009
fDate
10-12 Nov. 2009
Firstpage
625
Lastpage
629
Abstract
Based on study on references concerned, the critical factors affecting real estate prices in Shanghai are determined in this paper according to Grey incidence as well as Grey clustering principle. Afterwards, the regression model on real estate prices in Shanghai and other related variables is established with data collected from 1994 to 2008 and the real estate prices between 2009 and 2013 have been forecasted here with the metabolic GM (1, 1) model. The result of forecast indicates a growing trend in real estate prices in Shanghai in the coming years.
Keywords
grey systems; pricing; property market; grey clustering principle; grey incidence; metabolic GM (1,1) model; price forecasting; real estate prices; Economic forecasting; Heart; Helium; Information analysis; Intelligent systems; Linear regression; Predictive models; Raw materials; Storms; Waste management;
fLanguage
English
Publisher
ieee
Conference_Titel
Grey Systems and Intelligent Services, 2009. GSIS 2009. IEEE International Conference on
Conference_Location
Nanjing
Print_ISBN
978-1-4244-4914-9
Electronic_ISBN
978-1-4244-4916-3
Type
conf
DOI
10.1109/GSIS.2009.5408239
Filename
5408239
Link To Document