A new strategy to estimate time-to-build completion rates

Time-to-build completion rates can be estimated individually, under the restrictions that they are positive values summing up to one. As an alternative strategy, we may use the beta distribution as a restriction and calculate the corresponding completion rates collectively. The estimation results of a time-to-build model indicate that imposing the beta distribution may successfully preclude unrealistic completion pattern and improve fit of the model to data.

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Year of publication:	2013-04-22
Authors:	Jung, Yong-gook
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 33.2013, 2, p. 1073-1081
Publisher:	AccessEcon
Subject:	Time-to-build \| completion rates \| beta distribution

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Extent:	application/pdf
Type of publication:	Article
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010836165