A Changing Weights Spatial Forecast Combination Approach with an Application to Housing Price Prediction


  •  Chuanhua Wei    
  •  Chenping Du    
  •  Nana Zheng    

Abstract

Forecast combination has been widely applied in various fields since the seminal article of Bates and Granger (1969). However, these research were focused only on time series data. Few study focus on the spatial data, this paper proposes a novel adaptive spatial forecast combination method with varying weights based on the geographically weighted regression technique. Finally, the proposed method is applied to the Boston house prices prediction, and the results indicate that our procedure performs better than the other forecast combination methods.



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