Real Estate Consulting: Forecasting

Sauder School of Business
Vancouver, BC, Canada

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' These four lessons build on CPD 110 and CPD 111 in developing the real estate professional’s capabilities for offering high-level advisory services. Students will explore forecasting methods for use in a real estate decision-making environment, with an emphasis on critical analysis of forecasts done by others. The course focuses primarily on computer-based statistical forecasting tools -- use of statistical software (sold separately) is highly recommended.

Course Outline

FOREWORD �Introduction to Professional Development Courses

LESSON NO. 1: Introduction to Statistical and Judgment Forecasting in Real Estate

Why Do We Need Forecasting in Real Estate Decision Making?

Who Needs Forecasts?

How Does Forecasting "Work"?
Forecasting Techniques

Managing the Forecasting Process

Summary
LESSON NO. 2: Understanding Data Patterns and Forecasting Techniques

Statistical Software �SPSS

Lesson Plan

Statistical Data Characteristics

Statistical Forecasting Using Time Series Data

How to forecast using averaging and patterns

Summary: Forecasting Using Averaging and Patterns

Appendix 1: How to Deal with Non-Constant Variance

Appendix 2: Exponential Smoothing Example

Appendix 3: ARIMA Example
LESSON NO. 3: Forecasting Model Application and Results Evaluation

Introducing Multivariate Analysis

Data Analysis and Forecasting Using MRA

Appendix 1: Four Important Properties of Regression Residuals

Appendix 2: Cochrane-Orcutt method for Removing Autocorrelation in a Regression

Appendix 3: Further Issues in Regression Analysis
LESSON NO. 4: Demographic Forecasting and Psychographic Analysis

Boom, Bust & Echo

Why Demographics/Psychographics?

Need for Demographic Analysis and Forecasts

Need for Demographic and Psychographic Analysis in Real Estate

Demographic Basics

Demographic Forecasting Steps

Creating a Simple Demographic Forecast �Model Building Example

Sources of Demographic Forecasts

Sources of Psychographic Data

Using Demographics and Psychographics in Real Estate Forecasting

Demographics in Context: Avoiding Pitfalls

Market Research and Demographic/Psychographic Analysis

Summary
...''

Elements of this syllabus are subject to change.

Phone:604-822-8500

School Address:

Sauder School of Business
University of British Columbia
2053 Main Mall
Vancouver, BC
Canada V6T 1Z2

Jobs & Resumes: Vancouver
Houses & Roommates: Vancouver
Travel Agencies: Vancouver

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