Title :
Shenyang demand forecasting for housing based on GM (1,1) model
Author :
Liu, Ya-chen ; Sun, Meng-xiao ; Zhao, Qian
Author_Institution :
Manage. Coll. of Shenyang Jianzhu Univ., Shenyang, China
Abstract :
Demand for housing refers to affordable demand for housing for a given period of time in particular areas. Sales area of housing can be regarded as demand for housing in this article. Based on the historical data and current condition, the article focuses on the establishment of GM (1, 1) forecasting model, which can be exerted to make short-term forecast for housing demand in Shenyang from 2011 to 2015. After error inspecting of forecasting model, the obtained results has reached level 1 accuracy. Besides, the forecasting results can provide data support and theoretical basis for government, developers and buyers in regulating housing market, verifying development scale and purchase of housing.
Keywords :
forecasting theory; grey systems; property market; supply and demand; GM (1,1) forecasting model; Shenyang; Shenyang demand forecasting; housing demand; housing development scale; housing market; housing purchase; Data models; Demand forecasting; Educational institutions; Marketing and sales; Mathematical model; Predictive models; Demand forecasting of housing; GM (1, 1) model; Grey system theory;
Conference_Titel :
Industrial Engineering and Engineering Management (IE&EM), 2011 IEEE 18Th International Conference on
Conference_Location :
Changchun
Print_ISBN :
978-1-61284-446-6
DOI :
10.1109/ICIEEM.2011.6035142
