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RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism
Equation (11)
Δ
p
t
≈
c
˜
+
α
(
a
t
−
1
−
β
p
t
−
1
)
+
∑
j
=
1
J
γ
a
j
Δ
a
t
−
j
+
∑
j
=
1
J
γ
p
j
Δ
p
t
−
j
+
η
t
P
+
u
t
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