The Behavioral Mechanism and Forecasting of Beijing Housing Prices from a Multiscale Perspective
Table 3
Measures of IMFs and residual in the house price series.
Mean period (month)
Pearson correlation
Kendall correlation
Variance
Variance as (%) of observed
Variance as % of ( + residual)
Observed
1.339 108
IMF1
2.79
0.114
0.061
1.443 106
1.078
1.084%
IMF2
5.95
0.051
0.045
4.825 105
0.360
0.363%
IMF3
15.22
−0.010
0.028
5.439 105
0.406
0.409%
IMF4
33.41
0.281
0.139
9.925 105
0.741
0.746%
IMF5
52.52
0.373
0.021
2.239 106
1.672
1.682%
IMF6
83.23
−0.554
−0.352
2.952 105
0.220
0.222%
Residual
0.973
0.891
1.271 108
94.922
95.495%
Sum
99.400
100%
Note. Correlation is significant at the 0.01 level (two-tailed). Correlation is significant at the 0.05 level (two-tailed). Correlation is significant at the 0.1 level (two-tailed).
