Economics, Econometrics and Finance
8 years ago

New method uncovers hidden patterns in housing prices, revolutionizing real estate.

1 view
Spatial Economic Analysis
A two-step approach to account for unobserved spatial heterogeneity
Anna Gloria Billé, Roberto Benedetti, Paolo Postiglione

Paper Summary

The article presents a method to deal with hidden differences in data when studying economics. They suggest a two-step process to find and consider these hidden patterns in the data. By applying this method to house prices, they were able to better understand how different areas affect house values.

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