Abstract

This paper reviews the statistical methods for spatial prediction: the non-parametric “kriging” method and spatial autoregessive models. We discuss the main assumptions involved in each method as well as the advantages and disadvantages in each case. These methods are applied to the FPLI wage index for Florida counties, in order to illustrate a way to select the best econometric model and spatial weights.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.