Estimating the lagging error in real estate price indices (Record no. 72554)

MARC details
000 -LEADER
fixed length control field 01298cam a2200241 4500
001 - CONTROL NUMBER
control field ABS66585
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 030428n2003 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u122100
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Fu, Y.
245 ## - TITLE STATEMENT
Title Estimating the lagging error in real estate price indices
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2003
490 ## - SERIES STATEMENT
Series statement Real Estate Economics
Volume/sequential designation 31(1) 75-98(12)
520 ## - SUMMARY, ETC.
Summary, etc. Real estate indices based on appraisals or sale prices of properties are known for their slow response to market news. These indices can therefore be represented (in logarithm) as the sum of a latent true price index and a laggings error. Shows that the latent appreciation return and the lagging error can be jointly estimated in a state-space model, which has two key features. First, it employs exogenous variables known to predict asset returns to predict the latent appreciation return. Second, it incorporates known sources of the lagging error, such as the partial adjustment in observed index to the latent appreciation return and the seasonality in reappraisal quality. [Taken from journal abstract].
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element REAL ESTATE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INDEXES
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Topical term or geographic name entry element LEASES
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Topical term or geographic name entry element SALE PRICES
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Topical term or geographic name entry element APPRAISALS
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Topical term or geographic name entry element RETURNS
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-COMMERCIAL PROPERTY
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 28/04/2003   ABS66585 122100-1001 06/08/2019 1 06/08/2019 Journal article