Accession Number : AD0783777

Title :   An Application of an Econometric Model to Describe the Behavior of Buyers and Sellers.

Descriptive Note : Master's thesis,

Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s) : Callahan,James Frederick

Report Date : JUN 1974

Pagination or Media Count : 34

Abstract : The study is an attempt to describe the behavior of buyers and sellers. Four econometric models were developed using data obtained on sales consummated. The models, whose coefficients were estimated using stepwise linear regression, illustrated relationships between asked price, sale price, physical parameters of the goods and time of sale. Both statistical and economic interpretation were given to the results obtained. The problems of multicollinearity, heteroscedasticity and explicit treatment of the time variable were discussed. (Author)

Descriptors :   *Economic models, *Statistical analysis, Regression analysis, Least squares method, Housing(Dwellings), Mathematical models, Theses

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE