A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Building price-level forecasting: an examination of techniques and applications
Building price indices provide a means of updating cost data for estimating purposes, extrapolation from existing building cost trends, forecasting future price levels, etc. and thus a definite need exists to forecast future building price index levels. In this paper the writers examine a number of forecasting techniques from a hierarchy of forecasting techniques and assess their suitability via the vehicle of the BER building cost index. Special emphasis is placed on the ability of the forecasting methods to model a changing process.
Building price-level forecasting: an examination of techniques and applications
Building price indices provide a means of updating cost data for estimating purposes, extrapolation from existing building cost trends, forecasting future price levels, etc. and thus a definite need exists to forecast future building price index levels. In this paper the writers examine a number of forecasting techniques from a hierarchy of forecasting techniques and assess their suitability via the vehicle of the BER building cost index. Special emphasis is placed on the ability of the forecasting methods to model a changing process.
Building price-level forecasting: an examination of techniques and applications
Taylor, R. G. (author) / Bowen, P. A. (author)
Construction Management and Economics ; 5 ; 21-44
1987-01-01
24 pages
Article (Journal)
Electronic Resource
English
building , price , cost , index , forecasting , time-series
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