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