King, Maxwell L.; Sriananthakumar, Sivagowry - Department of Econometrics and Business Statistics, … - 2015
In the absence of uniformly most powerful (UMP) tests or uniformly most powerful invariant (UMPI) TESTS, King (1987c) suggested the use of Point Optimal (PO) tests, which are most powerful at a chosen point under the alternative hypothesis. This paper surveys the literature and major...