Abstract
This paper considers the generalized spatial panel data model with serial correlation proposed by Lee and Yu (Spatial panels: random components versus fixed effects. International Economic Review 2012; 53: 1369–1412.), which encompasses many of the spatial panel data models considered in the literature, and derives the best linear unbiased predictor (BLUP) for that model. This in turn provides valuable BLUP for several spatial panel models as Special Cases.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 573-591 |
| Number of pages | 19 |
| Journal | Journal of Forecasting |
| Volume | 35 |
| Issue number | 7 |
| DOIs | |
| State | Published - Nov 1 2016 |
Keywords
- fixed effects
- panel data
- prediction
- random effects
- serial correlation
- spatial error correlation
ASJC Scopus subject areas
- Modeling and Simulation
- Economics and Econometrics
- Computer Science Applications
- Strategy and Management
- Statistics, Probability and Uncertainty
- Management Science and Operations Research