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They seem to represent a deviation of prices from fundamental values and they contradict basic economic theory.
Other studies have found that to some extent it is possible to predict future house-price movements from information available now, namely past price increases and the deviation of prices from their long-run trend.
The price instability coefficient is the average deviation of prices from the trend, expressed as percentage the mean price.
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Typically, the standard deviation of price is used to measure price volatility.
The high price data are the prices higher than μ + σ, in which μ is the mean price and σ is the standard deviation of the price.
We measure price dispersion as the (log of) deviations in price from the daily mean (Lach 2002); that is, (g_{ijlt}=log p_{ijlt}-log bar{ p}_{ilt}).
Historical volatility is calculated by using the standard deviation of underlying asset price changes from close to close trading going back 21 to 23 days.
The deviation of inflation from its Treasury-set target has been a mere -0.08%.
Most economists think the Federal Reserve has a reaction function with two influences: the deviation of inflation (or, now, expected inflation) from its target, and the deviation of unemployment from its target.
We therefore include the standard deviation of care home prices in the LA to the model.
Quality rating and the standard deviation of care home prices are always insignificant.
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