The S&Ps Case-Shiller home price index measures repeat-sales house price indices for the United States. The index,
Question:
The S&P’s Case-Shiller home price index measures repeat-sales house price indices for the United States. The index, normalized to have a value of 100 in January 2000, captures price movements of the same homes relative to January 2000. Consider the seasonally adjusted monthly series from January 2016 to November 2018; a portion of the data is shown in the accompanying table.
a. Estimate the linear and the exponential trend models and calculate their MSE, MAD, and MAPE.
b. Use the preferred model to forecast the Case-Shiller index for December 2018.
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a The estimated trend models are b The Exponential Model has a ...View the full answer
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ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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