Shenyang demand forecasting for housing based on GM (1,1) model

Author

Liu, Ya-chen ; Sun, Meng-xiao ; Zhao, Qian

Author_Institution

Manage. Coll. of Shenyang Jianzhu Univ., Shenyang, China

Volume

Part 1

fYear

2011

fDate

3-5 Sept. 2011

Firstpage

213

Lastpage

216

Abstract

Demand for housing refers to affordable demand for housing for a given period of time in particular areas. Sales area of housing can be regarded as demand for housing in this article. Based on the historical data and current condition, the article focuses on the establishment of GM (1, 1) forecasting model, which can be exerted to make short-term forecast for housing demand in Shenyang from 2011 to 2015. After error inspecting of forecasting model, the obtained results has reached level 1 accuracy. Besides, the forecasting results can provide data support and theoretical basis for government, developers and buyers in regulating housing market, verifying development scale and purchase of housing.

Keywords

forecasting theory; grey systems; property market; supply and demand; GM (1,1) forecasting model; Shenyang; Shenyang demand forecasting; housing demand; housing development scale; housing market; housing purchase; Data models; Demand forecasting; Educational institutions; Marketing and sales; Mathematical model; Predictive models; Demand forecasting of housing; GM (1, 1) model; Grey system theory;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Engineering and Engineering Management (IE&EM), 2011 IEEE 18Th International Conference on

Conference_Location

Changchun

Print_ISBN

978-1-61284-446-6

Type

conf

DOI

10.1109/ICIEEM.2011.6035142

Filename

6035142