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Urban Studies, Vol. 32, No. 6, 971-974 (1995)
DOI: 10.1080/00420989550012744

Stochastic Housing Model with Random Constructions

K. Srinivasa Rao

Department of Statistics, Andhra University, Visakhapatnan, 530 003, A.P. India

C.V.R.S. Vijaya Kumar

Department of Statistics, Andhra University, Visakhapatnan, 530 003, A.P. India

In this article, a stochastic housing model of a city having various grades of houses and a random number of new constructions at each discrete time-interval is developed. Using the multi-type Galton-Watson process, a method for computing the means and variances of the number of houses in various grades of the city at discrete points of time is given. An application of this model is also demonstrated through real data.


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