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
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;
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
DOI :
10.1109/GSIS.2009.5408239
