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The Two-Stage Least Squares (2-SLS) is a well known econometric technique used to estimate the parameters of a multi-equation (or simultaneous equations) econometric model when errors across the equations are not correlated and the equation(s) concerned is (are) over-identified or exactly...
Persistent link: https://www.econbiz.de/10005837152
A high degree of multicollinearity among the explanatory variables severely impairs estimation of regression coefficients by the Ordinary Least Squares. Several methods have been suggested to ameliorate the deleterious effects of multicollinearity. In this paper we aim at comparing the...
Persistent link: https://www.econbiz.de/10005836568
Arnold Zellner and Nagesh Revankar in their well-known paper “Generalized Production Functions” [The Review of Economic Studies, 36(2), pp. 241-250, 1969] introduced a new generalized production function, which was illustrated by an example of fitting the generalized Cobb-Douglas function to...
Persistent link: https://www.econbiz.de/10005789731
Control charts are extensively used in many real world applications. Since process parameters are rarely known common practice is to estimate them. Then, the control limits are modified and become actually random variables. In this paper, we deal with the univariate control charts for dispersion...
Persistent link: https://www.econbiz.de/10005260044
The stuttering generalized Waring distribution is introduced and shown to arise through two urn genesis schemes. Its probability generating function and moments are derived and some potential applications are discussed
Persistent link: https://www.econbiz.de/10005260048
This note deals with finding the solution of a functional equation, where the function involved has the additional property of being a probability generating function. It turns out that the unique solution of this particular functional equation is the probability generating function of the...
Persistent link: https://www.econbiz.de/10005260240
This note is concerned with the derivation of the distribution of a random variable X in terms of the distribution of Y given X, where X, Y are discrete random variables with finite support
Persistent link: https://www.econbiz.de/10005835396
The choice of the appropriate linear model before this can be used for planning and decision making, has been the concern of many statistical workers. Most of the methods in the literature aim at evaluating the descriptive ability of the candidate models. In the present paper an evaluation...
Persistent link: https://www.econbiz.de/10005835399
Let {N(t), t0} be a homogeneous Poisson process with parameter λ=1. Let Z be a nonnegative random variable which is distributed independently of {N(t), t0} according to a mixed game distribution. Xekalaki and Panaretos (1988) showed that the form of F (the mixing distribution) is uniquely...
Persistent link: https://www.econbiz.de/10005835653
This paper considers a model where an original observation from a discrete distribution generates, according to a certain mechanism, another observation. A special case with the logarithmic series distribution as the original distribution and the Pascal distribution as the generating mechanism...
Persistent link: https://www.econbiz.de/10005835791