Application of Generalized Space-Time Autoregressive Model on GDP Data in West European Countries

<table>Bubble plot for the difference value of empirical MSE between GSTAR(2;1,1) and GSTAR(1;1). The bubble placed under the zero axis indicates that GSTAR(2,1,1) has a smaller value of MSE difference than that of the GSTAR(1;1) model.</table>

Journal of Probability and Statistics

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Figure 7

Figure 7: Application of Generalized Space-Time Autoregressive Model on GDP Data in West European Countries 