Richard A. Ashley. - Department of Economics, Virginia Polytechnic Institute … - 2006
entire class of loss functions which are
nondecreasing functions of the forecast error magnitude and further implies that its … dominate the unbiased forecast over this class of loss
functions. Thus, it can be asserted that shrinkage forecasts are in … that of for any loss function in the class of all loss functions which are
continuous nondecreasing functions of M …