Application of FFT transformation and coherence analysis to identify the slow-changing cyclical component on the housing market

• Authors: Mach Łukasz , Zmarzły Dariusz , Dąbrowski Ireneusz , Frącz Paweł

Title variants

PL

Zastosowanie transformacji FTT oraz analizy koherencji do identyfikacji składowej cyklicznej wolnozmiennej na rynku budownictwa mieszkaniowego

• Languages of publication: EN

Abstracts

EN

The paper reports the results of a study concerned with the identification and definition of time and frequency parameters regarding the cyclical phenomenon on the housing construction market. The cyclical component analysis in the frequency domain was identified using fast Fourier transformation, while the identification of the cyclical component and the interdependence of variables was performed by application of coherence analysis. The research provided answers to the questions regarding active cyclical characteristics that form determinants affecting the condition of the housing market. The resulting knowledge can be useful in decision-making processes that take place in the housing construction market, both on the demand and supply side of this market, as well as helpful in assessing the anticipated prices on the housing market and the formation of speculative bubbles.

PL

Przeprowadzone badania pozwoliły na identyfikację oraz określenie cyklicznej zmienności czasowej i częstotliwościowej występującej na rynku budownictwa mieszkaniowego. Identyfikacji i analizy składowej cyklicznej w dziedzinie częstotliwości dokonano z wykorzystaniem szybkiej transformacji Fouriera. Badając natomiast współliniowość współwystępujących wahań cyklicznych dla poszczególnych etapów budowy mieszkań, wykorzystano analizę koherencji. Badania umożliwiły znalezienie odpowiedzi na pytanie, jakimi aktywnymi cyklami cechują się badane zjawiska. Uzyskana wiedza może być użyteczna w procesach decyzyjnych, jakie zachodzą na rynku nieruchomości mieszkaniowych po stronie zarówno popytowej, jak i podażowej tego rynku. Może być również pomocna w ocenie przewidywanych cen na rynku nieruchomości czy powstawania baniek spekulacyjnych.

Keywords

EN

dwellings construction market; housing market; periodic component; cyclicality; financial stability; macroeconomic stability; coherence analysis; Fourier transformation

PL

rynek budownictwa mieszkaniowego; rynek nieruchomości; składowa okresowa; cykliczność; stabilność finansowa; stabilność makroekonomiczna; analiza koherencji; transformacja Fouriera

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Year: 2020
• Issue: vol. 64, nr 10
• Pages: 55-68

Contributors

author

Mach Łukasz

author

Zmarzły Dariusz

author

Dąbrowski Ireneusz

author

Frącz Paweł

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