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A review of regularised estimation methods and cross-validation in spatiotemporal statistics

A review of regularised estimation methods and cross-validation in spatiotemporal statistics

This review article focuses on regularised estimation procedures applicable to geostatistical and spatial econometric models. These methods are particularly relevant in the case of big geospatial data for dimensionality reduction or model selection. To structure the review, we initially consider the most general case of multivariate spatiotemporal processes (i.e., $g …