Baltagi, Badi H.; Bresson, Georges; Pirotte, Alain - In: Computational Statistics & Data Analysis 56 (2012) 11, pp. 3381-3397
Various forecasts using panel data with spatial error correlation are compared using Monte Carlo experiments. The true data generating process is assumed to be a simple error component regression model with spatial remainder disturbances of the autoregressive or moving average type. The best...