QUANTSIGHTS

Case study

Pending home sales forecast

Problem

Problem

Problem for Pending home sales forecast

Operators needed a national pending-home-sales figure before the actual count was published. The series turns with the seasons, so a flat guess is wrong even when the level looks close.

Design

Design

Design for Pending home sales forecast

Write the forecast first. Compare it with the actual only after the actual exists. Keep one national series, one forecast, and one scoreboard of predicted against actual.

Implementation

Implementation

Implementation for Pending home sales forecast

Assemble the monthly history. Train a sequence model on that history. Score each month, then wait for the actual and leave the comparison on the chart.

Benefit

Benefits

Benefit for Pending home sales forecast

From 2021 through 2026 the forecast follows the seasonal turns. Where the lines separate, the miss stays visible.

All work