We consider joint probability distributions generated recursively in terms of univariate conditional distributions satisfying conditional independence restrictions. The independences are captured by missing edges in a directed graph. A matrix form of such a graph, called the generating edge...

Undetected confounding may severely distort the effect of an explanatory variable on a response variable, as defined by a stepwise data-generating process. The best known type of distortion, which we call direct confounding, arises from an unobserved explanatory variable common to a response and...

We study criteria for identifiability of path analysis models with one hidden variable. We first derive sufficient criteria for identification of models in which marginalisation is carried out over the hidden variable. The sufficient criteria are based on the structure of the directed acyclic...

The paper examines the effect of marginalizing over a possibly unobserved background variable on the conditional relation between a response and an explanatory variable. In particular it is shown that some conclusions derived from least squares regression theory apply in general to testing...

The multivariate regression of a p - 1 vector Y of random variables on a q - 1 vector X of explanatory variables is considered. It is assumed that linear transformations of the components of Y can be the basis for useful interpretation whereas the components of X have strong individual identity....

Verhindern kurzfristige Gewinninteressen von Hedge- und Private-Equity-Fonds eine solide Unternehmensstrategie und gefährden die Existenz von Traditionsunternehmen? Zu diesen Fragen fand vom 20. bis 22. Oktober 2006 unter der Leitung von Dr. Wolfgang Quaisser in der Akademie für Politische...