Bayesian Spatial Filtering for Hedonic Models: An Application for the Real Estate Market

This article presents a Bayesian method based on spatial filtering to estimate hedonic models for dwelling prices with geographically varying coefficients. A Bayesian Adaptive Sampling algorithm for variable selection is used, which makes it possible to select the most appropriate filters for each hedonic coefficient. This approach explores the model space more systematically and takes into account the uncertainty associated with model estimation and selection processes. The methodology is illustrated with an application for the real estate market in the Spanish city of Zaragoza and with simulated data. In addition, an exhaustive comparison study with a set of alternatives strategies used in the literature is carried out. Our results show that the proposed Bayesian procedures are competitive in terms of prediction; more accurate results are obtained in the estimation of the regression coefficients of the model, and the multicollinearity problems associated with the estimation of the regression coefficients are solved.     

The Middle Neolithic of Morocco’s North-Western Atlantic Strip: New Evidence from the El-Khil Caves (Tangier)

The period comprising the end of the Early Neolithic and the Middle Neolithic, dated broadly within the fifth millennium cal BC, corresponds to an interval that remains largely unknown in the extreme north-western tip of Africa. This situation contrasts with that of the Early Neolithic, a period characterised by the earliest evidence of the diffusion of a productive economy, cultivated plants and domestic animals. The paucity of data for these later phases can be explained in part by the lack of secure contexts and sequences based on radiocarbon datings of short-lived samples. The current study presents the results of the excavations of El-Khil Caves B and C that yield materials allowing re-evaluation of the chronology of a type of ceramic known as Ashakar ware. The study also identifies two traditions in the northern Moroccan Middle Neolithic. The first is heir to the so-called Impressa Mediterranean ware and rooted in the Cardial Neolithic, while the second is characterised by roulette cord impressions, red slip and tunnel lugs and probably rooted in the region of the Sahara, and has no technological precedents in the study area.