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Predicting Regional Office Rents Using Habit‐persistence Theories

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 March 1991

Abstract

Develops a habit‐persistence model which is based on the assumption that experience conditions present behaviour and expectations. Notes that the model combines the adaptive expectations hypothesis with the partial adjustment process. Concludes that accurate forecasts for declining regions are produced but the results for growing regions are not significant.

Keywords

Citation

Gardiner, C. and Henneberry, J. (1991), "Predicting Regional Office Rents Using Habit‐persistence Theories", Journal of Property Valuation and Investment, Vol. 9 No. 3, pp. 215-226. https://doi.org/10.1108/14635789110030921

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited