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@article{ART001139033},
author={Kyoung Woo},
title={A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2004},
volume={43},
pages={9-9}

TY - JOUR
AU - Kyoung Woo
TI - A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -
JO - The Korea Spatial Planning Review
PY - 2004
VL - 43
IS - null
PB - 국토연구원
SP - 9
EP - 9
SN - 1229-8638
AB - The purpose of this study is to predict the business cycle of the Korean Real Market by the transaction volume of real estate forecasted by seasonal-ARIMA model. In order to this purpose, this study reviews the concepts of seasonal-ARIMA model, the advantages of ARMA model and limitations of this model. Also to find the best model, the seasonal-ARIMA procedures, the unit root test by using Augmented Dickey Fuller Test(ADF Test), identification of Auto Correlation Function(ACF) and Partial Correlation Function(PACF) are proceeded. By using the these procedures, model is selected as a best one and used to forecast volume of real estate transaction in Korea. The findings of this study are as following ; The transaction volume of real estate, which are classified by building types and land, show the seasonal effect for the period of 12 months and rapidly decrease last year, Also, according to the forecasted results, the volumes of single family home, apartment and land will decrease compared to the those before one year. On the contrary, it is forecasted the transaction volume of retail and office building will increase.
KW - Transaction Volume;Seasonal Effect;Seaonal-ARIMA model;Unit Root Test;Single Family Home;Apartment;Retail and Office Building;Factory;Land
DO -
UR -
ER -

Kyoung Woo. (2004). A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -. The Korea Spatial Planning Review, 43, 9-9.

Kyoung Woo. 2004, "A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -", The Korea Spatial Planning Review, vol.43, pp.9-9.

Kyoung Woo "A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -" The Korea Spatial Planning Review 43 pp.9-9 (2004) : 9.

Kyoung Woo. A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -. 2004; 43 9-9.

Kyoung Woo. "A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -" The Korea Spatial Planning Review 43(2004) : 9-9.

Kyoung Woo. A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -. The Korea Spatial Planning Review, 43, 9-9.

Kyoung Woo. A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -. The Korea Spatial Planning Review. 2004; 43 9-9.

Kyoung Woo. A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -. 2004; 43 9-9.

Kyoung Woo. "A Study on Predicting the Business Cycle of Korean Real Estate Market by Forecasting the Individual Economic Indicator - Focusing on the Transaction Volume of Building Types and Land -" The Korea Spatial Planning Review 43(2004) : 9-9.