The Power of Bayesian Methods in Housing Investment Forecasting: A Look at BVARS and FAVARS

In recent years, Bayesian methods have gained popularity in the field of housing investment forecasting. These methods, which are based on Bayes’ theorem, allow for the incorporation of prior knowledge and uncertain parameters in the forecasting process. Two specific methods that have been widely used in this context are Bayesian Vector Autoregression (BVAR) and Factor-augmented …

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