3
votes
Testing Hypothesis with Time series and Location Data
While Ert's and Ben's answers are excellent, they rely on the assumption that you understand how to perform statistical modelling on time series, which is not a trivial topic. Entire books are written ...
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3
votes
Testing Hypothesis with Time series and Location Data
How exactly I can use the lat-long (since this is more granular than just cities) of data to check whether prices of house are dependent on location?
Rather than using the ...
- 133k
2
votes
Correlation Between Locations
First of all, to compute distance between two latitude-longitude points refer to this stackoverflow question.
Here are two ideas for your question:
For each point $(X,Y)$ in $A$, find the $k$ points ...
- 3,524
2
votes
Averaging predictions from two different models
Yes, averaging models is a good approach! This is a consequence of the convexity of most loss functions (log-loss, MSE...). Recalling Jensen's inequality for a convex function $f$ :
$$f(\lambda x + (...
- 10.4k
2
votes
Averaging predictions from two different models
It is a valid approach: this is a model ensemble, averaging being the basic ensemble method. If the base model prediction results are not highly correlated, and their prediction is not very bad, then ...
- 637
1
vote
Accepted
Index of spatial variability
You're looking for a model that includes an estimate for spatial correlation. I googled for some sources, and via https://hughst.github.io/week-7/, which directly addresses your question, I also came ...
- 4,092
1
vote
Accepted
Fitting a von Mises Distribution over the Global Population
Fitting the distribution is not so difficult. For the sphere you can use the von Mises-Fisher distribution) which expresses the probability in terms of the 3d Cartesian coordinates and the estimation ...
- 86.6k
1
vote
Testing Hypothesis with Time series and Location Data
Considering you have a number of features and you are looking to understand how the features affect the price, one straightforward way of doing this would be a regression method, with the following ...
- 1,423
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