Liu, X.——Journal of Real Estate Finance and Economics: Spatial and Temporal Dependence in House Price Prediction
时间:2013-01-22
This paper incorporates spatial and temporal dependence among housing transactions in predicting future house prices. We employ the spatiotemporal autoregressive model and structure the spatial and temporal weighting matrices as in Pace et al. (1998) . We control for the time variation of both the attribute prices and the spatial and temporal dependence parameters through performing the analysis on an annual basis. Spatial heterogeneity is accounted for using experience-based definition of subma