Similar Search Results

The Perry Preschoolers at Late Midlife: A Study in Design-Specific Inference

Heckman, James J.; Karapakula, Ganesh - 2019

This paper presents the first analysis of the life course outcomes through late midlife (around age 55) for the participants of the iconic Perry Preschool Project, an experimental high-quality preschool program for disadvantaged African-American children in the 1960s. We discuss the design of...

Persistent link: https://www.econbiz.de/10012059092

How informative is high-frequency data for tail risk estimation and forecasting? An intrinsic time perspectice

Halbleib, Roxana; Dimitriadis, Timo - 2019

This paper proposes a novel and simple approach to compute daily Value at Risk (VaR) and Expected Shortfall (ES) directly from high-frequency data. It assumes that financial logarithm prices are subordinated unifractal processes in the intrinsic time, which stochastically transforms the clock...

Persistent link: https://www.econbiz.de/10012099231

A Simple Method for Predicting Distributions by Means of Covariates with Examples from Poverty and Health Economics

Dai, Jing; Sperlich, Stefan; Zucchini, Walter - In: Swiss Journal of Economics and Statistics 152 (2016) 1, pp. 49-80

We present an integration based procedure for predicting the distribution f of an indicator of interest in situations where, in addition to the sample data, one has access to covariates that are available for the entire population. The proposed method, based on similar ideas that have been used...

Persistent link: https://www.econbiz.de/10011933339

Econometrics: a bird's eye view

Geweke, John F.; Horowitz, Joel L.; Pesaran, Mohammad Hashem - 2006

As a unified discipline, econometrics is still relatively young and has been transforming and expanding very rapidly over the past few decades. Major advances have taken place in the analysis of cross sectional data by means of semi-parametric and non-parametric techniques. Heterogeneity of...

Persistent link: https://www.econbiz.de/10010276202

A cross country perspective on Irish enterprise investment: Do fundamentals or constraints matter?

Gargan, Eric; Kenny, Eoin; O'Regan, Cynthia; O'Toole, Conor - 2023

Numerous research papers have used Irish-only data to test for the presence of an investment gap for small- and medium … the investment patterns of Irish SMEs in a crosscountry context and test whether an investment gap is present when … and test the sensitivity of investment to this key fundamental for Ireland and other countries. We then estimate whether …

Persistent link: https://www.econbiz.de/10014540437

Sequential Regression: A Neodescriptive Approach to Multicollinearity

Fickel, Norman - 2001

Classical regression analysis uses partial coefficients to measure the influences of some variables (regressors) on another variable (regressand). However, a descriptive point of view shows that these coefficients are very bad measures of influence. Their interpretation as an average change of...

Persistent link: https://www.econbiz.de/10011496022

From Economic Activity to Understanding Spaces

Iribarren, Diego - 2003

This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...

Persistent link: https://www.econbiz.de/10011496032

Bayesian measures of explained variance and pooling in multilevel (hierarchical) models

Gelman, Andrew; Pardoe, Iain - 2004

Explained variance (R^2) is a familiar summary of the fit of a linear regression and has been generalized in various ways to multilevel (hierarchical) models. The multilevel models we consider in this paper are characterized by hierarchical data structures in which individuals are grouped into...

Persistent link: https://www.econbiz.de/10011496039

Prior distributions for variance parameters in hierarchical models

Gelman, Andrew - 2004

Various noninformative prior distributions have been suggested for scale parameters in hierarchical models. We construct a new folded-noncentral- t family of conditionally conjugate priors for hierarchical standard deviation parameters, and then consider noninformative and weakly informative...

Persistent link: https://www.econbiz.de/10011496041

Multivariate Partial Distribution: A New Method of Pricing Group Assets and Analyzing the Risk for Hedging

Dai, Feng; Liu, Hui; Wang, Ying - 2005

Based on the Partial Distribution (Feng Dai, 2001), a new model to price an asset (MPA) is given. Going a step further, this paper puts forward the Multivariate Partial Distribution (MPD) for the first time. By use of MPD, we could gain a new kind of model for pricing the group assets (MPGA), in...

Persistent link: https://www.econbiz.de/10011496044