Reviewing Forecasting Method in Assessing the Impact of Developing Public University Towards Property Development

摘要

This paper presents a review of methods that used for forecasting the impact of developing public university towards property development. The review highlighted theoretical knowledge on forecasting technique including the factor need to be considered prior choosing forecasting techniquesas well as measuring forecasting accuracy. Any development undertaken would have a considerable impact towards the quality of the local environment that stimulating the demand for other development such as residential property development. By reviewing selected appropriate documents, the resultsshow that a mathematical calculation known as Moving Average of order 2, MA (2) and Moving Average of order 3, MA (3) were the best approach used to study the impact of developing Public University towards property development as well as forecasting future demand for property development.The result will help an investor to measure and forecast the impact of the development of Public University towards property development as well as to decide whether to participate in the development in Parit Raja or not in future.