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We extend the literature on Bayesian model comparison for ordinary least-squares regression models to include spatial autoregressive and spatial error models. Our focus is on comparing models that consist of different matrices of explanatory variables. A Markov Chain Monte Carlo model...
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econometric models. We also examine some diagnostic measures to evaluate the spatial autocorrelation of the pseudo … arrangement on the variables in the predictive model and reduce the effect of spatial autocorrelation on prediction errors. In … remove the spatial autocorrelation on pseudo-residuals and improvement in the accuracy of spatial predictive models. …
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spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics …. Spatial econometrics focuses on the specification and estimation of regression models explicitly incorporating such spatial …, referring to both heterogeneity and interdependence of phenomena occurring in two-dimensional space. Spatial autocorrelation or …
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