TY  - JOUR
AB  - Over the last decade or so there has been an increased interest in combining the forecasts from different models. Pooling the forecast outcomes from different models has been shown to improve out‐of‐sample forecast test statistics beyond any of the individual component techniques. The discussion and practice of forecast combination has revolved around the pooling of results from individual forecasting methodologies. A different approach to forecast combination is followed in this paper. A methodis used in which negatively correlated forecasts are combined to see if this offers improved out‐of‐sample forecasting performance in property markets. This is compared with the outcome from both the original model and with benchmark naïve forecasts over three 12‐month out‐of‐sample periods. The study will look at securitised property in three international property markets – the USA, the UK and Australia.
VL  - 19
IS  - 6
SN  - 1463-578X
DO  - 10.1108/14635780110406851
UR  - https://doi.org/10.1108/14635780110406851
AU  - Wilson Patrick J.
AU  - Okunev John
PY  - 2001
Y1  - 2001/01/01
TI  - Enhancing information use to improve predictive performance in property markets
T2  - Journal of Property Investment & Finance
PB  - MCB UP Ltd
SP  - 472
EP  - 497
Y2  - 2024/04/20
ER  -