Modeling Spatial, Temporal, and Multivariate Autoregressive Dependence in Real Estate Prices

R. Kelley Pace (), Darren K. Hayunga () and James LeSage
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R. Kelley Pace: Louisiana State University
Darren K. Hayunga: University of Georgia

The Journal of Real Estate Finance and Economics, 2025, vol. 71, issue 1, No 1, 9 pages

Abstract: Abstract We use parallel processing and improved algorithms to search for the weights given to two locational coordinates as well as three non-locational dimensions to find multidimensional neighbors (previous in time) to fit a multidimensional STAR model. We find that the improvements allow for quick specification searches. The effect of the improved specifications is a material reduction in the standard deviation of the residuals.

Keywords: Multivariate dependence; STAR model; k-d trees (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11146-024-10006-3

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