Showing 1 - 10 of 144
two balanced samples absent ties the finite sample distribution of the HWM index is derived. Simulations show that in most … cases unbalanced samples and ties have little effect on this distribution. The d-d plot allows for a straightforward … extension to the K-sample HWM index. As we have not been able to derive the distribution of the index for K>2, we simulate …
Persistent link: https://www.econbiz.de/10010325767
We derive the exact finite sample distribution of the L1-version ofthe Fisz-Cramér-von Mises test statistic (L1-FCvM … underlying p-p plots emerge. Comparing the finitesample distribution with the (known) limiting distribution showsthat the latter … distribution differfrom the exact values, this will not lead to differences in the rejectionof the underlying hypothesis. …
Persistent link: https://www.econbiz.de/10010325887
P-p plots contain all the information that is needed for scale-invariant comparisons. Indeed, Empirical Distribution … thus used to derive the exact finite sample distribution of the L1-version of the Fisz-Cramér-von Mises test. Comparing … this distribution with the (known) limiting distribution shows that the latter can always be used for hypothesis testing …
Persistent link: https://www.econbiz.de/10010325915
We introduce a statistical test for comparing the predictive accuracy of competing copula specifications in multivariate density forecasts, based on the Kullback-Leibler Information Criterion (KLIC). The test is valid under general conditions: in particular it allows for parameter estimation...
Persistent link: https://www.econbiz.de/10010325942
forecasts, focusing on a specific part of the joint distribution. The test is framed in the context of the Kullback …
Persistent link: https://www.econbiz.de/10010326216
There is an increasing awareness of the potential of nonlinear modeling in regional science, which can partly be explained by the recognition of the limitations of conventional equilibrium models in complex situationsand partly by the easy availability and accessibility of sophisticated...
Persistent link: https://www.econbiz.de/10010324411
two balanced samples absent ties the finite sample distribution of the HWM index is derived. Simulations show that in most … cases unbalanced samples and ties have little effect on this distribution. The d-d plot allows for a straightforward … extension to the K-sample HWM index. As we have not been able to derive the distribution of the index for K>2, we simulate …
Persistent link: https://www.econbiz.de/10014213691
P-p plots contain all the information that is needed for scale-invariant comparisons. Indeed, Empirical Distribution … thus used to derive the exact finite sample distribution of the L1-version of the Fisz-Cramér-von Mises test. Comparing … this distribution with the (known) limiting distribution shows that the latter can always be used for hypothesis testing …
Persistent link: https://www.econbiz.de/10014191771
The environmental Kuznets curve predicts an inverted U-shaped relationship between air pollution and economic growth. Current analyses frequently employ models that restrict nonlinearities in the data to be explained by economic growth only. We propose a Global Trend Augmented Cointegrating...
Persistent link: https://www.econbiz.de/10014321767
We study a set of fully modified (FM) estimators in multivariate cointegrating polynomial regressions. Such regressions allow for deterministic trends, stochastic trends, and integer powers of stochastic trends to enter the cointegrating relations. A new feasible generalized least squares...
Persistent link: https://www.econbiz.de/10014321768