Showing 1 - 10 of 10
The Basel II framework strictly defines the conditions under which financial institutions are authorized to accept real estate as collateral in order to decrease their credit risk. A widely used concept for its valuation is the hedonic approach. It assumes, that a property can be characterized...
Persistent link: https://www.econbiz.de/10010354740
Monte Carlo (MCMC) algorithms. We investigate the statistical properties of our approach within extensive simulation …
Persistent link: https://www.econbiz.de/10011549047
This paper discusses random intercept selection within the context of semiparametric regression models with structured additive predictor (STAR). STAR models can deal simultaneously with nonlinear covariate effects and time trends, unit- or cluster-specific heterogeneity, spatial heterogeneity...
Persistent link: https://www.econbiz.de/10010470914
Generalized additive models for location, scale and shape define a flexible, semi-parametric class of regression models for analyzing insurance data in which the exponential family assumption for the response is relaxed. This approach allows the actuary to include risk factors not only in the...
Persistent link: https://www.econbiz.de/10010190248
Carlo (MCMC) algorithms and is smoothly incorporated into the framework of distributional regression. We run a comprehensive …
Persistent link: https://www.econbiz.de/10011578941
Bayesian analysis provides a convenient setting for the estimation of complex generalized additive regression models (GAMs). Since computational power has tremendously increased in the past decade it is now possible to tackle complicated inferential problems, e.g., with Markov chain Monte Carlo...
Persistent link: https://www.econbiz.de/10011613193
boosting selects influential terms. Markov chain Monte Carlo (MCMC) simulation estimates the final model to provide credible … inference of effects, scores and predictions. The selection of terms and MCMC simulation are applied for data of the year 2016 …
Persistent link: https://www.econbiz.de/10011875788
, which is estimated by Markov chain Monte Carlo (MCMC) simulation. Gradient boosting with stability selection serves as a …
Persistent link: https://www.econbiz.de/10011762424
predictor. Inference is fully Bayesian and based on highly efficient Markov Chain Monte Carlo (MCMC) algorithms. We investigate …
Persistent link: https://www.econbiz.de/10014477416
Modeling real estate prices in the context of hedonic models often involves fitting a Generalized Additive Model, where only the mean of a (lognormal) distribution is regressed on a set of variables without taking other parameters of the distribution into account. Thus far, the application of...
Persistent link: https://www.econbiz.de/10014477437