Moving Window Approaches for Hedonic Price Estimation: An Empirical Comparison of Modelling Techniques

Recognition of the limitations of traditional hedonic models to account for spatial effects has led in recent years to the development and use of spatial econometric and statistical techniques in real estate applications. It seems appropriate, as the number of applications grows, to evaluate the relative ability of some newer approaches in terms of producing accurate spatial predictions. This article compares a selection of techniques to assess …