Question: Exercise 3.6 Consider again the dataset discussed in Examples 3.3 and 3.4 related to the determinant of the median house price observed in 506 Boston

Exercise 3.6 Consider again the dataset discussed in Examples 3.3 and 3.4 related to the determinant of the median house price observed in 506 Boston area census tracts. To download the dataset type:

>data(boston)

Estimate the model used in Example 3.3 and 3.4, but specifying the spatial component in the Spatial Error form. Use both the Maximum Likelihood and the Feasible GLS procedure. Compare the results obtained with those presented in Examples 3.3 and 3.4.

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