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A Multivariate Discriminant Analysis is described, aimed at predicting the direction of changes in the Hong Kong tender price index by utilising the patterns of change in eight leading economic indicators. Two discriminant functions are derived which distinguish between ‘upward’,...
Persistent link: https://www.econbiz.de/10009437815
Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of variation and root mean square of the deviations between forecasted and actual values. This can only be valid, however, if the pain, or loss, incurred as a result of such deviations...
Persistent link: https://www.econbiz.de/10009483260
Typical measures of goodness of construction price forecasts are the mean and standard deviation, coefficient of variation and root mean square of the deviations between forecasted and actual values. This can only be valid, however, if the pain, or loss, incurred as a result of such deviations...
Persistent link: https://www.econbiz.de/10005269030