Jump point detection for real estate investment success

Eddie C.M. Hui, Carisa K.W. Yu and Wai-Cheung Ip

Physica A: Statistical Mechanics and its Applications, 2010, vol. 389, issue 5, 1055-1064

Abstract: In the literature, studies on real estate market were mainly concentrating on the relation between property price and some key factors. The trend of the real estate market is a major concern. It is believed that changes in trend are signified by some jump points in the property price series. Identifying such jump points reveals important findings that enable policy-makers to look forward. However, not all jump points are observable from the plot of the series. This paper looks into the trend and introduces a new approach to the framework for real estate investment success.

Keywords: Jump point detection; Change points; Real estate investment; Wavelet analysis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:389:y:2010:i:5:p:1055-1064

DOI: 10.1016/j.physa.2009.11.022

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