Data had been collected within the Federal Reserve Bank of Philadelphia (2005) and the Economic and Statistics Administration in the United States Department of Commerce (2005) in relation to GDP for the inclusive period January 1990 - June 2005.
Data were collected inside Mortgage Bankers Association (2005) and the Economic and Statistics Administration from the United States Department of Commerce (2005) in relation to mortgage originations to your inclusive period January 1990 through June 2005. The GDP information as well as the mortgage origination information had been stated in monetary values. These monetary values were converted to "change from prior period" values stated as percent change.
Converted values have been formulated for semiannual information elements for your inclusive period 1990-Second-Half via 2005-First-Half. The outcomes of the regression analysis were used to construct a predicting equation. Projections for the 18 months from July 2005 through December 2006 had been obtained inside the Congressional Budget Office (2005) and Wachovia Bank (2005). GDP projections have been inserted to the regression equation to predict final results on the mortgage market.
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