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using maximum likelihood (ML). The ML method is very sensitive to multicollinearity. Therefore, we present a new Poisson … calculate the mean squared error (MSE) using Monte Carlo simulations. The result from the simulation study shows that the PRR …
Persistent link: https://www.econbiz.de/10009150729
the random error and increasing the correlation between the independent variables have negative effect on the MSE. When … the sample size increases the MSE decreases even when the correlation between the independent variables and the variance … of the random error are large. In all situations, the proposed estimators have smaller MSE than the ordinary least …
Persistent link: https://www.econbiz.de/10009150727
performance of these new estimators are judged by calculating the mean square error (MSE) using Monte Carlo simulations. In the …
Persistent link: https://www.econbiz.de/10009645804
. The mean squared of error (MSE) is used as criterion to examine the performance of the proposed estimators when compared … smaller (MSE) than the ordinary least squared estimator (OLS) and Hoerl and Kennard (1970a) estimator (HK). …
Persistent link: https://www.econbiz.de/10005190616
A number of indices of economic inequality have been proposed in the literature. Their constructions are based on various econometric motives and justifications such as axioms of fairness. In this paper we analize the indices stepping slightly aside from their econometric meanings and adopting a...
Persistent link: https://www.econbiz.de/10005773150
(MSE) of the proposed estimators are derived under both null and alternative hypotheses. By studying the MSE criterion, the …
Persistent link: https://www.econbiz.de/10005575039
classical maximum likelihood (ML) method in the presence of multicollinearity since the mean squared error (MSE) of ML becomes … MSE and mean absolute error (MAE) are calculated it is shown that when the Liu estimator is applied with these proposed …
Persistent link: https://www.econbiz.de/10009225860
multicollinearity. This paper introduces a shrinkage estimator for the logit model which is a generalization of the estimator proposed … by Liu (1993) for the linear regression. This new estimation method is suggested since the mean squared error (MSE) of … are highly correlated. Using MSE, the optimal value of the shrinkage parameter is derived and some methods of estimating …
Persistent link: https://www.econbiz.de/10009324205
addressed for this model is multicollinearity. This paper proposes ridge regression estimators and some methods of estimating … estimators. Both MSE and MAE are considered as performance criterion. The simulation study shows that some estimators are better …
Persistent link: https://www.econbiz.de/10010742108
developed by Alkhamisi and Shukur (2008), AS, when the explanatory variables are affected by multicollinearity. Nine ridge …
Persistent link: https://www.econbiz.de/10009225861