RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism Equation

a t = n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } 1 n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } μ t P + n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } 1 n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } j = 2 n γ a t n 1 ε j : n a + n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } 1 n ˜ ˜ a = 1 n ˜ ˜ I { ψ a t θ t a , ε s t a } ψ a t ε 2 : n a MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGHb WaaSbaaSqaaiaadshaaeqaaOGaeyypa0ZaaSaaaeaaceWGUbGbaGGb aGaaaeaadaaeWaqaaiaadMeaaSqaaiaadggacqGH9aqpcaaIXaaaba GabmOBayaaiyaaiaaaniabggHiLdGcdaGadaqaaiabeI8a5naaBaaa leaacaWGHbGaamiDaaqabaGccqaH4oqCdaqhaaWcbaGaamiDaaqaai aadggaaaGccaGGSaGaeqyTdu2aa0baaSqaaiaadohacaWG0baabaGa amyyaaaaaOGaay5Eaiaaw2haaaaadaWcaaqaaiaaigdaaeaaceWGUb GbaGGbaGaaaaWaaabCaeaacaWGjbWaaiWaaeaacqaHipqEdaWgaaWc baGaamyyaiaadshaaeqaaOGaeqiUde3aa0baaSqaaiaadshaaeaaca WGHbaaaOGaaiilaiabew7aLnaaDaaaleaacaWGZbGaamiDaaqaaiaa dggaaaaakiaawUhacaGL9baacqaH8oqBdaqhaaWcbaGaamiDaaqaai aadcfaaaaabaGaamyyaiabg2da9iaaigdaaeaaceWGUbGbaGGbaGaa a0GaeyyeIuoaaOqaaiabgUcaRmaalaaabaGabmOBayaaiyaaiaaaba WaaabmaeaacaWGjbWaaiWaaeaacqaHipqEdaWgaaWcbaGaamyyaiaa dshaaeqaaOGaeqiUde3aa0baaSqaaiaadshaaeaacaWGHbaaaOGaai ilaiabew7aLnaaDaaaleaacaWGZbGaamiDaaqaaiaadggaaaaakiaa wUhacaGL9baaaSqaaiaadggacqGH9aqpcaaIXaaabaGabmOBayaaiy aaiaaaniabggHiLdaaaOWaaSaaaeaacaaIXaaabaGabmOBayaaiyaa iaaaamaaqahabaGaamysamaacmaabaGaeqiYdK3aaSbaaSqaaiaadg gacaWG0baabeaakiabeI7aXnaaDaaaleaacaWG0baabaGaamyyaaaa kiaacYcacqaH1oqzdaqhaaWcbaGaam4CaiaadshaaeaacaWGHbaaaa GccaGL7bGaayzFaaWaaabCaeaadaWcaaqaaiabeo7aNnaaBaaaleaa caWGHbGaamiDaaqabaaakeaacaWGUbGaeyOeI0IaaGymaaaacqaH1o qzdaqhaaWcbaGaamOAaiaacQdacaWGUbaabaGaamyyaaaaaeaacaWG QbGaeyypa0JaaGOmaaqaaiaad6gaa0GaeyyeIuoaaSqaaiaadggacq GH9aqpcaaIXaaabaGabmOBayaaiyaaiaaaniabggHiLdaakeaacqGH RaWkdaWcaaqaaiqad6gagaacgaacaaqaamaaqadabaGaamysamaacm aabaGaeqiYdK3aaSbaaSqaaiaadggacaWG0baabeaakiabeI7aXnaa DaaaleaacaWG0baabaGaamyyaaaakiaacYcacqaH1oqzdaqhaaWcba Gaam4CaiaadshaaeaacaWGHbaaaaGccaGL7bGaayzFaaaaleaacaWG HbGaeyypa0JaaGymaaqaaiqad6gagaacgaacaaqdcqGHris5aaaakm aalaaabaGaaGymaaqaaiqad6gagaacgaacaaaadaaeWbqaaiaadMea daGadaqaaiabeI8a5naaBaaaleaacaWGHbGaamiDaaqabaGccqaH4o qCdaqhaaWcbaGaamiDaaqaaiaadggaaaGccaGGSaGaeqyTdu2aa0ba aSqaaiaadohacaWG0baabaGaamyyaaaaaOGaay5Eaiaaw2haaiabeI 8a5naaBaaaleaacaWGHbGaamiDaaqabaGccqaH1oqzdaqhaaWcbaGa aGOmaiaacQdacaWGUbaabaGaamyyaaaaaeaacaWGHbGaeyypa0JaaG ymaaqaaiqad6gagaacgaacaaqdcqGHris5aaaaaa@E5C9@