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Browsing by Subject "time trend"

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  • thumbnail.journal.alt
    Item type:Article, Access status: Open Access ,
    The applicability of time series analysis in real estate valuation
    (2015) Adamczyk, Tomasz; Bieda, Agnieszka
    Time series is an ordered set of observations whose domain is time. The structure of most series can be defined by two basic components: the trend and the seasonal component. The knowledge of a mathematical model of a process described by the series allows us to generate a prediction of the analyzed phenomenon on its basis. In view of the fact that the purpose of time series analysis is to identify the essence of the phenomena they describe, or to forecast their future value, the authors therefore propose to use them in the valuation of real estate to analyze a trend of price changes in time and to determine their market value.