Home » Eng Finance » S » Spatial autocorrelation

Spatial autocorrelation

A measure of spatial dependence in spatial data. An index of spatial autocorrelation that is often used is Moran’s autocorrelation coefficient, or Moran’s I. This is calciilated as the weighted correlation coefficient with the weights inversely proportional to the distance between points.

Reference: Oxford Press Dictonary of Economics, 5th edt.