RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism
Equation (2)
Δ
s
t
=
μ
s
+
Γ
s
s
t
−
1
+
Γ
a
a
t
−
1
+
∑
j
=
1
J
ϕ
j
Δ
s
t
−
j
+
∑
j
=
1
J
γ
j
a
Δ
a
t
−
j
+
ε
t
s
,
a
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