Omitting market risk factor creates critical flaw in case-shiller home price indices
Wednesday, May 27, 2015 - 10:30
in Mathematics & Economics
The method used to calculate Standard & Poor's Case-Shiller Home Price Indices, the most trusted benchmark for U.S. residential real estate prices, contains a flaw that likely could lead to misstating its monthly estimates, according to a newly published study led by faculty at Florida Atlantic University.