Qualitative elements in computer-based quantitative conjunctural construction prognoses

Date of publication: June 15, 1982

Author: Hermann Lebeda


All over the world is different from other industrial sectors; there are incomparably more difficulties to surpass: production takes place (in most cases) in the open air. Unexpected factors like weather and soil conditions have an enormous influence. Each building is different from others, there are no trial runs. Trade cycles have reinforced effects on construction, simply because household primarily have to cover fixed costs and will only then assess expenses for construction if some flexibility in financing is left.

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