Kriging methodology for regional economic analysis: Estimating the housing price in Albacete

Matías Martínez, José Lorenzo and Noela Rubio

International Advances in Economic Research, 2000, vol. 6, issue 3, 438-450

Abstract: Because of the socioeconomic importance of the housing subsector in the local, regional, and national economy and its implications for housing policy, this paper attempts to analyze the spatial behavior of the free housing price in the city of Albacete. To achieve this aim, the authors have used the models and estimators imported from geology called kriging. To do this, it is necessary to know the spatial dependence structure of the process, which is shown in the variogram. Copyright International Atlantic Economic Society 2000

Date: 2000
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DOI: 10.1007/BF02294963

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