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Fig. 2 | Swiss Journal of Economics and Statistics

Fig. 2

From: Examining the vintage effect in hedonic pricing using spatially varying coefficients models: a case study of single-family houses in the Canton of Zurich

Fig. 2

Covariance functions. Two exponential covariance functions which are depending on a distance d and parametrized as given in Table 1. One can clearly see that the variance in Parametrization 1 is lower than in Parametrization 2. On the other hand, Parametrization 1 has a greater range which leads to slower decay of the covariance function over distance

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