本研究旨在探討情緒指標對房價預測能力的影響，並比較不同情緒指標的預測效能。研究構建了網路搜尋量指數、房地產相關股票指數以及消費者信心指數作為情緒指標，並使用樣本內預測模型和樣本外預測進行實證分析。研究結果顯示，情緒指標對房價預測能力有顯著影響，且不同情緒指標的預測效能存在差異。研究還進行了穩健性檢定，結果顯示研究結果的穩健性得到了驗證。總體而言，情緒指標可以作為房價預測的重要參考因素，在實務應用中應根據具體情況選擇適當的情緒指標進行預測。

This paper aims to investigate the impact of emotional indicators on the predictive power of housing prices, and to compare the predictive performance of different emotional indicators. The study constructs the Internet search volume index, real estate-related stock index, and consumer confidence as emotional indicators, and uses in-sample and out-of-sample forecasts for empirical analysis. The results show that emotional indicators have a significant impact on the predictive power of housing prices, and there are differences in the predictive performance of different emotional indicators. The study also conducts robustness tests, and the results show that the robustness of the study results has been verified. Overall, emotional indicators can serve as important reference factors for housing price prediction. In practical applications, appropriate emotional indicators should be selected for prediction based on specific circumstances.

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