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- W2004910370 abstract "Following the work of Dhiri et al. [Modelling and predicting property crime trends. Home Office Research Study 198 (1999). London: HMSO] at the Home Office predicting recorded burglary and theft for England and Wales to the year 2001, econometric and time series models were constructed for predicting recorded residential burglary to the same date. A comparison between the Home Office econometric predictions and the less alarming econometric predictions made in this paper identified the differences as stemming from the particular set of variables used in the models. However, the Home Office and one of our econometric models adopted an error correction form which appeared to be the main reason why these models predicted increases in burglary. To identify the role of error correction in these models, time series models were built for the purpose of comparison, all of which predicted substantially lower numbers of residential burglaries. The years 1998–2001 appeared to offer an opportunity to test the utility of error correction models in the analysis of criminal behaviour. Subsequent to the forecasting exercise carried out in 1999, recorded outcomes have materialised, which point to the superiority of time series models compared to error correction models for the short-run forecasting of property crime. This result calls into question the concept of a long-run equilibrium relationship for crime." @default.
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- W2004910370 date "2003-10-01" @default.
- W2004910370 modified "2023-09-27" @default.
- W2004910370 title "Forecasting residential burglary" @default.
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- W2004910370 doi "https://doi.org/10.1016/s0169-2070(03)00091-8" @default.
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