El Paso Housing Sector Econometric Forecast Accuracy

Thomas Fullerton () and Brian W. Kelley

Journal of Agricultural and Applied Economics, 2008, vol. 40, issue 01, 18

Abstract: There is comparatively little empirical evidence regarding the accuracy of regional housing sector forecasts. Much of the recent analysis conducted for this topic is developed for housing starts and indicates a relatively poor track record. This study examines residential real estate forecasts previously published for El Paso, TX using a structural econometric model. Model coverage is much broader than just starts. Similar to earlier studies, the previously published econometric predictions frequently do not fare very well against the selected random walk benchmarks utilized for the various series under consideration.

Keywords: Agribusiness; Community/Rural/Urban Development; Political Economy (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Journal Article: El Paso Housing Sector Econometric Forecast Accuracy (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:45534

DOI: 10.22004/ag.econ.45534

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