Table 5. Spatial regression helping to improve OLS performance (In-Sample R-squared) for New York.
City | Asian | Afro-American | Graduate Degree | Income per cap. |
---|---|---|---|---|
OLS | 0.42 | 0.58 | 0.49 | 0.69 |
Spatial Lag | 0.74 | 0.84 | 0.65 | 0.73 |
City | Asian | Afro-American | Graduate Degree | Income per cap. |
---|---|---|---|---|
OLS | 0.42 | 0.58 | 0.49 | 0.69 |
Spatial Lag | 0.74 | 0.84 | 0.65 | 0.73 |