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Modeling Spatial, Temporal, and Multivariate Autoregressive Dependence in Real Estate Prices

  • R. Kelley Pace,
  • Darren K. Hayunga,
  • James P. LeSage

摘要

We use parallel processing and improved algorithms to search for the weights given to two locational coordinates as well as three non-locational dimensions to find multidimensional neighbors (previous in time) to fit a multidimensional STAR model. We find that the improvements allow for quick specification searches. The effect of the improved specifications is a material reduction in the standard deviation of the residuals.