Local Modeling in a Regression Framework

Taylor M. Oshan

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Abstract: This chapter introduces the concept of local versus global models and describes one type of local model, Geographically Weighted Regression, and its recent successor, Multiscale Geographically Weighted Regression. The conceptual basis for this type of model is explained in terms of data-borrowing. An empirical example is given to demonstrate both the value of local regression models and freely available software for their calibration.

Date: 2022-05-30
New Economics Papers: this item is included in nep-ecm
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:hpbd8

DOI: 10.31219/osf.io/hpbd8

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