Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
The Analysis of Residential Property Price Bubble and Sharia Bank Financing Using MIDAS Regression Model
View through CrossRef
In economic modeling there are constraints in terms of time frequency differences in the data used as input for estimating a model. One real example is when modeling the relationship between the Islamic banking financing (FIN) and the Housing Price Index (HPI), where the frequency of FIN data is monthly and HPI is quarterly. In this study, it has been tried to develop a model which can be used in the forecasting of Residential Property Price Bubble by using MIDAS (mixed data sampling regression) method which allows the series to be used in the same regression equation from different frequency.Considering the AIC and SIC criteria, it was found that the best performing model out of four alternatives was the weighted equation according to the U-Midas method. The research result shows that the MIDAS specification for modeling the relationship between Islamic bank credit and the property price index is MIDAS with the U-Midas function at lag 4. This model is able to explain variations in property price bubbles of 98.8916%, meaning that the model can be used well for forecasting. Performance the resulting forecast is very good, it is shown that the MAPE value is 0. 2141%.
Macrothink Institute, Inc.
Title: The Analysis of Residential Property Price Bubble and Sharia Bank Financing Using MIDAS Regression Model
Description:
In economic modeling there are constraints in terms of time frequency differences in the data used as input for estimating a model.
One real example is when modeling the relationship between the Islamic banking financing (FIN) and the Housing Price Index (HPI), where the frequency of FIN data is monthly and HPI is quarterly.
In this study, it has been tried to develop a model which can be used in the forecasting of Residential Property Price Bubble by using MIDAS (mixed data sampling regression) method which allows the series to be used in the same regression equation from different frequency.
Considering the AIC and SIC criteria, it was found that the best performing model out of four alternatives was the weighted equation according to the U-Midas method.
The research result shows that the MIDAS specification for modeling the relationship between Islamic bank credit and the property price index is MIDAS with the U-Midas function at lag 4.
This model is able to explain variations in property price bubbles of 98.
8916%, meaning that the model can be used well for forecasting.
Performance the resulting forecast is very good, it is shown that the MAPE value is 0.
2141%.
Related Results
PENGARUH DEBT FINANCING, EQUITY FINANCING DAN LEASE FINANCING TERHADAP PROFIT EXPENSE RATIO PADA BANK BUKOPIN SYARIAH
PENGARUH DEBT FINANCING, EQUITY FINANCING DAN LEASE FINANCING TERHADAP PROFIT EXPENSE RATIO PADA BANK BUKOPIN SYARIAH
Penurunan yang dialami oleh Profit expense ratio (PER) dan lease financing meskipun tanpa diikuti oleh penurunan debt financing dan equity financing pada PT Bank Bukopin Syariah ya...
Pengaruh Debt Financing Dan Equity Financing Terhadap Kinerja Keuangan Bank Syariah Dengan Non Performing Financing Sebagai Variable Moderating
Pengaruh Debt Financing Dan Equity Financing Terhadap Kinerja Keuangan Bank Syariah Dengan Non Performing Financing Sebagai Variable Moderating
This study aims to analyze the financial performance of sharia commercial banks in particular related to the channeling of funds in this case debt financing and equity financingand...
Analisis Kelayakan Pemberian Pembiayaan Multiguna Dalam Meminimalisir Resiko Pembiayaan Pada Bank Sumut Syariah Cabang Medan Katamso
Analisis Kelayakan Pemberian Pembiayaan Multiguna Dalam Meminimalisir Resiko Pembiayaan Pada Bank Sumut Syariah Cabang Medan Katamso
Multipurpose financing is comprehensive financing where this financing is very much needed by the community where the financing is a consumer financing facility based on a Murabaha...
Collection alteration and pristine structural properties of dust particles collected by MIDAS/Rosetta at comet 67P/Churyumov-Gerasimenko
Collection alteration and pristine structural properties of dust particles collected by MIDAS/Rosetta at comet 67P/Churyumov-Gerasimenko
Comets are believed to have preserved pristine material from the early stages of the Solar System formation, thus providing unique information on intricate processes like dust grow...
CORPORATE SOCIAL RESPONSIBILITY PRACTICES: A STUDY ON THE LISTED PRIVATE COMMERCIAL BANKS OF BANGLADESH
CORPORATE SOCIAL RESPONSIBILITY PRACTICES: A STUDY ON THE LISTED PRIVATE COMMERCIAL BANKS OF BANGLADESH
This study aims to monitor the CSR activities and determine the nature and the level of CSR contribution of PCBs. In most developed countries, corporate social responsibility (CSR)...
Primitiveness of cometary dust collected by MIDAS on-board Rosetta
Primitiveness of cometary dust collected by MIDAS on-board Rosetta
<p>Comets are thought to have preserved dust particles from the beginning of Solar System formation, providing a unique insight into dust growth mechanisms. The Roset...
Vapor Bubble Interaction With a Superheated Wall
Vapor Bubble Interaction With a Superheated Wall
Sliding bubbles are known to augment heat transfer rates on the surface on which they slide. The pre-cursor problem — the bubble approaching an inclined superheated wall provides t...
Subjective Norms and Behavioral Control; Its Effectiveness On Interest in Sharia Insurance
Subjective Norms and Behavioral Control; Its Effectiveness On Interest in Sharia Insurance
This study aims to analyze (1) the effect of subjective norms on interest in sharia insurance at AXA Mandiri Sharia Bank, (2) the effect of behavioral control on interest in sharia...