Figures & data
Table 1. Descriptive statistics
Table 2. Empirical results
Table 3. Mean squared error (MSE) of the three models
Figure 1. The MSEs of the hedonic, hybrid and repeat sales models based on an out-of-sample forecast at both semiannual and annual time frequencies.
Note: The red line and the blue line represent the forecast value and the standard error, respectively.
Table 4. Correlations between actual and predicted values of various models
Table 5. Annual and semiannual prices indexes
Figure 2. Annual and semiannual hedonic, repeat sales and hybrid price indexes of Qi Baishi during the period from 2000 to 2016.
Figure 3. Semiannual and annual comparisons of model uncertainty.
