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

Document Type

Article

Publication Date

7-1-2025

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.

Publication Source (Journal or Book title)

Journal of Real Estate Finance and Economics

First Page

1

Last Page

9

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