Spatial Econometrics is the field where spatial analysis

Spatial analysis

Spatial analysis or spatial statistics includes any of the formal techniques which study entities using their topological, geometric, or geographic properties...

 and econometrics

Econometrics

Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...

 intersect. In general, econometrics differs from other branches of statistics in focusing on theoretical models, whose parameters are estimated using regression analysis

Regression analysis

In statistics, regression analysis includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables...

. Spatial econometrics is a refinement of this, where either the theoretical model involves interactions between different entities, or the data observations are not truly independent. Thus, models incorporating spatial autocorrelation or neighborhood effects can be estimated using spatial econometric methods. Such models are common in regional science

Regional science

Regional science is a field of the social sciences concerned with analytical approaches to problems that are specifically urban, rural, or regional...

, real estate economics

Real estate economics

Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand...

, and education economics

Education economics

Education economics or the economics of education is the study of economic issues relating to education, including the demand for education and the financing and provision of education...

.

See also

• Geographic information science
  Geographic Information Science
  Geographic information science is the academic theory behind the development, use, and application of geographic information systems...
  
  
• Spatial autocorrelation
• Complete spatial randomness
  Complete spatial randomness
  Complete spatial randomness describes a point process whereby point events occur within a given study area in a completely random fashion. Such a process is often modeled using only one parameter, i.e. the density of points, \rho within the defined area...
  
  
• Modifiable Areal Unit Problem
  Modifiable Areal Unit Problem
  The modifiable areal unit problem is a source of statistical bias that can radically affect the results of statistical hypothesis tests. It affects results when point-based measures of spatial phenomena are aggregated into districts. The resulting summary values are influenced by the choice of...
  
  
• Spatial analysis
  Spatial analysis
  Spatial analysis or spatial statistics includes any of the formal techniques which study entities using their topological, geometric, or geographic properties...
  
  
• Correlation
  Correlation
  In statistics, dependence refers to any statistical relationship between two random variables or two sets of data. Correlation refers to any of a broad class of statistical relationships involving dependence....
  
  
• Regression analysis
  Regression analysis
  In statistics, regression analysis includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables...