Baltagi, Badi H.; Pirotte, Alain - In: International Journal of Forecasting 30 (2014) 3, pp. 407-414
This paper derives the Best Linear Unbiased Predictor (BLUP) for a spatial nested error components panel data model …. This predictor is useful for panel data applications that exhibit spatial dependence and a nested (hierarchical) structure … forecasting average housing prices located in a county nested in a state. When deriving the BLUP, we take into account the spatial …