Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach
This study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple linear regression, provides a comprehensive understanding of the market and enables real estate analysts to devise more efficient investment...
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| Format: | Article |
| Language: | English |
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Sciendo
2023-01-01
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| Series: | Baltic Journal of Real Estate Economics and Construction Management |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/bjreecm-2023-0008 |
| _version_ | 1797368787503153152 |
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| author | Chirilus Alexandru I. |
| author_facet | Chirilus Alexandru I. |
| author_sort | Chirilus Alexandru I. |
| collection | DOAJ |
| description | This study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple linear regression, provides a comprehensive understanding of the market and enables real estate analysts to devise more efficient investment strategies. By enhancing investment efficiency, the model contributes to the overall efficiency of financial markets and supports sustained economic benefits for stakeholders. Although limited to a specific timeframe and apartment auction markets in Romania, future research can expand the model’s scope, improve accuracy through diverse data sets, and explore key factors for enhanced performance. The study’s contribution lies in its valuable insights for real estate analysts, enhancing investment efficiency, and fostering sustained economic benefits for stakeholders. |
| first_indexed | 2024-03-08T17:37:46Z |
| format | Article |
| id | doaj.art-456673eb77c24712b533b206483bd47e |
| institution | Directory Open Access Journal |
| issn | 2255-9671 |
| language | English |
| last_indexed | 2024-03-08T17:37:46Z |
| publishDate | 2023-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Baltic Journal of Real Estate Economics and Construction Management |
| spelling | doaj.art-456673eb77c24712b533b206483bd47e2024-01-02T11:35:07ZengSciendoBaltic Journal of Real Estate Economics and Construction Management2255-96712023-01-0111112013210.2478/bjreecm-2023-0008Forecasting Real Estate Prices in Romania: A Lag Optimized Linear ApproachChirilus Alexandru I.01Cybernetics and Statistics Doctoral School, Bucharest University of Economic StudiesThis study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple linear regression, provides a comprehensive understanding of the market and enables real estate analysts to devise more efficient investment strategies. By enhancing investment efficiency, the model contributes to the overall efficiency of financial markets and supports sustained economic benefits for stakeholders. Although limited to a specific timeframe and apartment auction markets in Romania, future research can expand the model’s scope, improve accuracy through diverse data sets, and explore key factors for enhanced performance. The study’s contribution lies in its valuable insights for real estate analysts, enhancing investment efficiency, and fostering sustained economic benefits for stakeholders.https://doi.org/10.2478/bjreecm-2023-0008optimized linear approachprice forecastingreal estate market |
| spellingShingle | Chirilus Alexandru I. Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach Baltic Journal of Real Estate Economics and Construction Management optimized linear approach price forecasting real estate market |
| title | Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach |
| title_full | Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach |
| title_fullStr | Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach |
| title_full_unstemmed | Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach |
| title_short | Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach |
| title_sort | forecasting real estate prices in romania a lag optimized linear approach |
| topic | optimized linear approach price forecasting real estate market |
| url | https://doi.org/10.2478/bjreecm-2023-0008 |
| work_keys_str_mv | AT chirilusalexandrui forecastingrealestatepricesinromaniaalagoptimizedlinearapproach |