Commercial Real Estate Market Model Validation

Mar 12, 2013

Edgeworth economists reviewed and validated a commercial real estate market model used to forecast supply, demand, vacancies, and rents in markets across the U.S. Dr. George Korenko and Mr. Michael Kheyfets designed a comprehensive framework for assessing the quality of the model, including:

  • Evaluating the economic and financial theory used in the modeling process
  • Designing statistical tests to measure the model’s predictive power
  • Identifying high-level operational risks underlying the model


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