To the issue of forecasting price dynamics in the property valuation

Authors

  • O. N. Gnennyi Dnipropetrovsk National University of Railway Transport named after Academician V. Lazaryan, Ukraine

DOI:

https://doi.org/10.15802/stp2012/9179

Keywords:

property valuation, forecasting, number of price changes, exponential smoothing, autoregressive model, autocorrelation function, approximation

Abstract

The problems of short-, medium- and long-term forecasting price dynamics are considered. The improvement of short-term forecasting techniques based on exponential smoothing is proposed. A modified autoregressive model of the first-order differences for the medium-term forecasting is developed. A method of constructing the approximating function of the first-order differences as a linear combination of trigonometric functions, which can be used for long-term forecasting, is proposed.

Author Biography

O. N. Gnennyi, Dnipropetrovsk National University of Railway Transport named after Academician V. Lazaryan

O. N. Gnennyi

Downloads

Published

2012-08-25

How to Cite

Gnennyi, O. N. (2012). To the issue of forecasting price dynamics in the property valuation. Science and Transport Progress, (41), 316–321. https://doi.org/10.15802/stp2012/9179

Issue

No. 41 (2012): ISSUE 41

Section

ECONOMICS AND МANAGEMENT

License

Copyright and Licensing

This journal provides open access to all of its content.
As such, copyright for articles published in this journal is retained by the authors, under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0). The CC BY license permits commercial and non-commercial reuse. Such access is associated with increased readership and increased citation of an author's work. For more information on this approach, see the Public Knowledge Project, the Directory of Open Access Journals, or the Budapest Open Access Initiative.

The CC BY 4.0 license allows users to copy, distribute and adapt the work in any way, provided that they properly point to the author. Therefore, the editorial board of the journal does not prevent from placing published materials in third-party repositories. In order to protect manuscripts from misappropriation by unscrupulous authors, reference should be made to the original version of the work.