Hedonic House Price ModelingBased on Multilevel Structured Additive Regression - Computational Approaches for Urban Environments - page 116

5.7.3.2 Unexplained Spatial Heterogeneity

Figure 5.6 displays the unexplained spatial effects, showing that the neighborhood
attributes capture a large part of the total spatial heterogeneity, since the remaining
unexplained spatial heterogeneity only accounts for a variation of about 520 Euro

Price per square meter

< 1015 1276 > 1538

Mean regression

GAMLSS

Quantile regression

Fig. 5.6 Distribution of the unexplained spatial heterogeneity (evaluated at the average effect).
Shown are the posterior 50 %-quantile estimates for the mean regression, the GAMLSS regression
and the quantile regression