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Financial and Strategic Pricing Analysis in the Development Market Using an Econometric Model

Ainur A. Akhmetzianov and Andrew Y. Sokolov

International Journal of Financial Research, 2021, vol. 12, issue 1, 144-148

Abstract: This article demonstrates the use of a financial and econometric model with dummy variables to calculate the average price in the real estate market. The average price is used in the model for calculating project effectiveness and allows you to evaluate the profitability of the project at the construction planning stage. The number of rooms, the presence of a balcony, the number of sides of the windows and the number of floors were used as independent variables. A model with these factors showed qualitative estimates and can be applied for the purpose of forecasting prices in standard projects in the Russian real estate market.

Keywords: strategic management accounting; dummy variables; ANCOVA-model; pricing; forecasting; performance; profitability; real estate market (search for similar items in EconPapers)
Date: 2021
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DOI: 10.5430/ijfr.v12n1p144

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Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:1:p:144-148