Publication: Analysis of housing prices by GEE and GLMM methodologies: a longitudinal study
No Thumbnail Available
Full text at PDC
Publication Date
2013-09
Advisors (or tutors)
Editors
Journal Title
Journal ISSN
Volume Title
Publisher
Wiley-Blackwell
Citations
Exportar
Abstract
The Spanish economic crisis has led to a significant reduction in housing sales, and therefore, there has been a decrease in housing prices. In this paper, we analyze changes in the average housing price throughout Spain. We use quarterly data from a random sample of 150 municipalities from the first quarter (Q1) of 2005, before the financial crisis started, to Q1 2010. Our analysis uses generalized estimating equation and generalized linear mixed model approaches. Data published for Q2, Q3, and Q4 2010 are compared with the data fitted using these models. Finally, the methods are compared with time-series models.