A stochastic dynamic programming technique for property market timing

• Main Author: Tao, Yong Hua.
• Other Authors: Chin, Teck Chai
• Format: Theses and Dissertations
• Published: 2008
• Subjects: DRNTU::Engineering::Electrical and electronic engineering::Control and instrumentation
• Online Access: http://hdl.handle.net/10356/3418
• Institution: Nanyang Technological University

The aim of this dissertation is to investigate whether the property market timing model developed using the stochastic dynamic programming approach provides superior return over the buy-and-hold and naive timing strategies. In this dissertation, the naive timing strategy is designed with the assumpt...