In Section 8.3.4, Final Comments, we propose extensions for the AR(4) model to include mortgage rates Rt
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Estimate and evaluate these three models, and construct the corresponding multistep forecasts. Are the forecasts any different from those provided by the pure AR(4)? Do mortgages rates or/and employment provide additional forecast ability for house price growth?
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Forecasting for Economics and Business
ISBN: 978-0131474932
1st edition
Authors: Gloria Gonzalez Rivera
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