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Often, in finite samples, the true level of the confidence intervals for natural estimators of inequality indices belonging to the Gini family differs greatly from their nominal level, which is based on the asymptotic confidence limits. This paper shows how the Gram-Charlier series can be used...
Persistent link: https://www.econbiz.de/10005701596
In this paper we present some nonparametric bootstrap methods to construct distribution-free confidence intervals for inequality indices belonging to the Gini family. These methods have a coverage accuracy better than that obtained with the asymptotic distribution of their natural estimators,...
Persistent link: https://www.econbiz.de/10005674186
This study examines the Koehler and Symanovski copula function with specific marginals, such as the skew Student-t, the skew generalized secant hyperbolic, and the skew generalized exponential power distributions, in modelling financial returns and measuring dependent risks. The copula function...
Persistent link: https://www.econbiz.de/10005701642
We discuss a variety of clustering problems arising in combinational applications and in classifying objects into homogenous groups. For each problem we discuss solution strategies that work well in practice. We also discuss the importance of careful modelling in clustering problems. Citation...
Persistent link: https://www.econbiz.de/10005808926
We discuss two experimental designs and show how to use them to evaluate difficult empirical combinatorial problems. We restrict our analysis here to the knapsack problem but comment more generally on the use of computational testing to analyze the performances of algorithms. Citation Copyright...
Persistent link: https://www.econbiz.de/10005701704
Here we examine using the algebraic software "Mathematica" for computing the moments of the order statistics of several frequently used distribution functions, specifically those for the extreme-value Weibull, double Weibull, logistic and Cauchy distributions. These are illustrated in obtaining...
Persistent link: https://www.econbiz.de/10005701581