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Spatial Regression

On Tue, 23 Jun 2009, Adrian Toti wrote:

            
No, the original questioner was thinking of a model like:

y = \rho W y + X \beta + u

u = \lambda W u + e

with both a lag coefficient \rho and an error coefficient \lambda. You end 
up with a messy interaction between the \rho and \lambda terms, something 
like:

(I - \rho W) (I - \lambda W) y = (I - \lambda W) X \beta + e

or

y = (I - \rho W)^{-1} X \beta + (I - \rho W)^{-1} (I - \lambda W)^{-1} e
Yes, they often do, but comparing the AIC values may prefer the lag or 
error models because adding extra variables is penalised.

Roger