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

Swiss Journal of Economics and Statistics

Table 5 Summary of tenfold cross-validation

Type	Median \({\text{RMSE}}\left( {m, f} \right)\)		Improvement (%)
Type	Geostatistical model (8)	SVC model (5)	Improvement (%)
In-sample	0.157	0.145	7.7
Out-of-sample	0.208	0.179	13.9

Median in-sample (9) and out-of-sample (10) RMSE of the geostatistical model (8) and SVC model (5) with their respective percentage improvement