Baltagi, Badi; Li, Dong - In: Spatial Economic Analysis 1 (2006) 2, pp. 175-185
ahead. The estimators whose predictions are compared include OLS, fixed effects ignoring spatial correlation, fixed effects … with spatial correlation, random-effects GLS estimator ignoring spatial correlation and random-effects estimator accounting … for the spatial correlation. Based on RMSE forecast performance, estimators that take into account spatial correlation and …