Market Risk Factor and the Weighted Repeat Sales Method
In this paper, we identify a critical issue in the weighted repeat sales (WRS) method—the omission of market risk in the weight estimation model specified by Case and Shiller (1989). We demonstrate that the omission of market risk is conceptually unjustified. We propose a modified WRS model that is...
Saved in:
Published in | The Journal of real estate research Vol. 37; no. 1; pp. 1 - 22 |
---|---|
Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Clemson
The American Real Estate Society
01.01.2015
Taylor & Francis Ltd |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Be the first to leave a comment!