286 - Demonstrate why spatial autocorrelation among regression residuals can be an indication that spatial variables have been omitted from the models

Demonstrate why spatial autocorrelation among regression residuals can be an indication that spatial variables have been omitted from the models

Concepts

  • [AM9-1] Principles of spatial econometrics
    Spatial econometrics uses spatial stochastic models to determine autocorrelation between interacting agents. The techniques involved are regression, the use of a spatial weights matrix, least squares, etc.