Spatial Econometrics
Spatial econometrics models are applied with spatial data that include coordinates or distances between the units. Examples include estimating house prices in a neighborhood and estimating farmland prices in counties that are spatially close.
Spatial econometrics models: topics covered
Spatial econometrics accounts for the presence of spatial effects in regression analysis.
Spatial weight matrix based on contiguity and distance
Spatial regression models: spatial lag model and spatial error model
Spatial dependence test (Moran’s I)