Predicting House Demand with Spatial Considerations in a Growing Suburb
By Shahabuddin Amerudin Introduction As a real estate developer planning to invest in a growing suburban area, you recognize that housing demand is not solely influenced by time-related factors but also by spatial considerations. To make precise predictions about where and when houses will be in demand, you need to incorporate both temporal and spatial elements into your forecasting. Defining the Objective The objective remains to forecast the demand for houses in the suburban area over the next five years, but now with a spatial dimension. You want to estimate the number of new homes that potential buyers are likely […]
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