Bollinger, Christopher R.; Chandra, Amitabh - Institute for the Study of Labor (IZA) - 2004
In empirical research it is common practice to use sensible rules of thumb for cleaning data. Measurement error is … range. We consider a general measurement error process that nests many plausible models. Analytic results demonstrate that … winsorizing and trimming are only solutions for a narrow class of measurement error processes. Indeed, for the measurement error …