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Models of finite mixtures of normal densities conditional on regressor variables are specified and estimated. The authors consider mixtures of multivariate normals where the expected value for each component depends on nonnormal regressor variables. The expected values and covariance matrices of...
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This issue of Sociological Methods & Research contains four excellent illustrations of current methods for analyzing dichotomous data: dichotomous factor analysis (Muthén, 1989), latent trait analysis (Eaton et al., 1989), and grade of membership analysis (Woodbury and Manton, 1989). These...
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We consider 1927 borrowers from 54 countries who had a credit rating by both Moody's and S&P at the end of 1998, and their subsequent default history up to the end of 2002. Viewing bond ratings as predicted probabilities of default, we consider partial orderings among competing probability...
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We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...
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