Månsson, Kristofer; Kibria, B.M. Golam; Shukur, Ghazi - In: Economic Modelling 29 (2012) 4, pp. 1483-1488
Liu (1993) for the linear regression. This new estimation method is suggested since the mean squared error (MSE) of the … correlated. Using MSE, the optimal value of the shrinkage parameter is derived and some methods of estimating it are proposed. It … is shown by means of Monte Carlo simulations that the estimated MSE and mean absolute error (MAE) are lower for the …