A new strategy to estimate time-to-build completion rates

Yong-gook Jung ()
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Yong-gook Jung: Wayne State University

Economics Bulletin, 2013, vol. 33, issue 2, 1073-1081

Abstract: Time-to-build completion rates can be estimated individually, under the restrictions that they are positive values summing up to one. As an alternative strategy, we may use the beta distribution as a restriction and calculate the corresponding completion rates collectively. The estimation results of a time-to-build model indicate that imposing the beta distribution may successfully preclude unrealistic completion pattern and improve fit of the model to data.

Keywords: Time-to-build; completion rates; beta distribution (search for similar items in EconPapers)
JEL-codes: E2 E3 (search for similar items in EconPapers)
Date: 2013-04-22
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Citations: View citations in EconPapers (1)

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