Question: Exercise 5.3 Given the data set used in Examples 3.3 and 3.4 and in Exercises 3.6 and 4.8, and using a row-standardized W matrix, reestimate

Exercise 5.3 Given the data set used in Examples 3.3 and 3.4 and in Exercises 3.6 and 4.8, and using a row-standardized W matrix, reestimate a Spatial Lag model using the MESS specification. On the same datasets define a unilateral row-standardized W matrix based on the first nearest neighbor and estimate again a unilateral Spatial Lag model.

Compare the results obtained with the three methods.

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