Advanced Quantitative Methods
The nugget effect refers to the phenomenon observed in spatial data where there is a discontinuity or abrupt change in a dataset at very small distances, indicating that some spatial variation exists even without distance. This effect is significant in geostatistics as it highlights the importance of considering short-range variability in spatial analyses and modeling, influencing the accuracy of predictions and estimations.
congrats on reading the definition of Nugget Effect. now let's actually learn it.