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Accounting for Spatial Autocorrelation in Hedonic Models

The study proposes a spatial cross-validation strategy to correct bias in tree-based algorithms caused by spatial autocorrelation in real estate data, improving accuracy in mass appraisal and investment decisions.

Featured in No. 37 on 14 Feb 2024 · on release day

Released
14 Feb 2024
First featured
No. 37 · 14 Feb 2024
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Identifier
RePEc:kap:jrefec:v:68:y:2024:i:2:d:10.1007_s11146-022-09915-y

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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