Week-7: Housing Bubbles

We are “definitely maybe” in a housing bubble in Vancouver.  It’s an outright bubble in Vancouver, warns David Rosenberg, a foremost Canadian economist who earlier served as the chief economist of Merrill Lynch. But let’s not jump to a hasty conclusion. Will Dunning, a veteran housing economist, thinks the gloom and doom is not that imminent. He thinks we will be able to keep the roof on the housing markets in Toronto and Vancouver.

Vancouver's housing market is in an "outright bubble," according to Gluskin Sheff's David Rosenberg.

What you see here is the beauty of economics. There are two sides to an argument and the economists are ready to argue all three!


 
The seventh week builds on our dialogue about housing markets and time series methods. We will use real data sets to model housing sales and prices and develop forecasts. We will honour George Box, the man behind the Box-Jenkins algorithm whose sage advice should be pinned on every data scientist’s monitor. “All models (forecasts) are wrong”, he alerted. “Yet  some are useful.”
 
See you Friday.
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Week7.R
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Murtaza Haider,
8 Jul 2016, 08:20
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Murtaza Haider,
17 Jul 2016, 14:46
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Murtaza Haider,
17 Jul 2016, 14:46
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