Chapter
Nov 12, 2013
Commercial Housing Price Index Forecast Based on the Gray Model
Authors: Shengdan Wang [email protected], Haiqing Shi [email protected], and Jingxian Zhang [email protected]Author Affiliations
Publication: ICCREM 2013: Construction and Operation in the Context of Sustainability
Abstract
Real estate is a pillar industry of the national economy, and it plays an important role in the national economy. Commercial housing price is the most direct and the most scientific reflection of the real estate market conditions. Therefore, a scientific forecast of the price of commercial housing is very necessary. The irregular fluctuation of change in housing price makes it difficult to forecast, so this paper uses gray system prediction model to predict the price index of a certain period in the future. The results show that housing price continued to increase from 2004 to 2012, but the rise has signs of slowing down because of the implementation of national regulatory policy. The results of model prediction can give a true picture of housing price changing trend, which indicates that the gray forecasting model can effectively ensure the accuracy and effectiveness.
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© 2013 American Society of Civil Engineers.
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Published online: Nov 12, 2013
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Postgraduate, Information Management and Information System, Harbin Institute of Technology, Harbin, China, 150001. E-mail: [email protected]
Postgraduate, Information Management and Information System, Harbin Institute of Technology, Harbin, China, 150001. E-mail: [email protected]
Senior Accountant, Northern Science and Technology Information Institute, Beijing, China, 100089. E-mail: [email protected]
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