Measuring Residential Real Estate Liquidity
利用Cox比例风险模型构建了一个房地产流动性度量指标，该指标结合比值比和房屋市场价值估计，能够从数据中提取影响流动性的变量统计特征，帮助评估住宅市场的流动性风险。
There are many factors, other than price alone, that may affect the liquidity of real estate. This study develops a liquidity measure based on the Cox proportional hazard technique, a statistical model widely used in the epidemiologic and social sciences. The odds ratio, along with an estimate of market value for a home, are used to construct a liquidity measure. This measure can extract from the data a rich statistical profile of the variables that affect liquidity.