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forward, backward, and stepwise confounding variable selection estimate the ATE compared to spike-and-slab Bayesian variable …. Overall, results suggest that Bayesian variable selection is more appealing in smaller sample sizes than frequentist variable …
Persistent link: https://www.econbiz.de/10015202692
Many products and services can be described as mixtures of ingredients whose proportions sum to one. Specialized models have been developed for linking the mixture proportions to outcome variables, such as preference, quality and liking. In many scenarios, only the mixture proportions matter for...
Persistent link: https://www.econbiz.de/10011531150
allocation process, focusing on common heuristics and Bayesian methods. The Black-Litterman model, an application of the Bayesian …
Persistent link: https://www.econbiz.de/10015427550
's pollution equation remains unclear. This study uses a Bayesian approach and threshold estimation to quantitatively assess the … Bayesian techniques and threshold estimation, the research highlights the significant role of fiscal policy tools …
Persistent link: https://www.econbiz.de/10015211247
We ask whether Bayesian estimation creates a potential estimation bias as compared with standard estimation techniques … treat each in turn as the true model and create Bayesian estimates of it under priors from the true model and its false … alternative. The Bayesian estimation of macro models may thus give very misleading results by placing too much weight on prior …
Persistent link: https://www.econbiz.de/10012624789
This paper develops Bayesian econometric methods for posterior inference in non-parametric mixed frequency VARs using …
Persistent link: https://www.econbiz.de/10012501159
approach using a Bayesian MS-VAR which is net of these arbitrary components. This method allows for the consistent …
Persistent link: https://www.econbiz.de/10012496739
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly calculated from the estimation of a log-linear version of the household intertemporal budget constraint as a cointegrating relationship between consumption, assets and earnings...
Persistent link: https://www.econbiz.de/10011844588
There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural …
Persistent link: https://www.econbiz.de/10014368558
)), a derivation of the Bayesian methods developed in academia, has particular practical appeal for institutional investors …
Persistent link: https://www.econbiz.de/10012042184