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Persistent link: https://www.econbiz.de/10010407783
This paper presents the multiple imputation model for the imputation of the missing values of the Austrian Household Survey on Housing Wealth 2008. It is based on Bayesian inference and on the fully conditional specification approach. Both theoretical framework and model specification are...
Persistent link: https://www.econbiz.de/10009517749
Persistent link: https://www.econbiz.de/10002649249
Persistent link: https://www.econbiz.de/10001707233
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10013129859
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10013130083
We employ a Bayesian estimation technique to construct firm-varying investment-cash flow sensitivities (ICFS) for a sample of 90 Spanish listed firms over a 10-year period (1999-2008). Then we analyze which variables are associated with the firm-level ICFS-estimates both univariately and...
Persistent link: https://www.econbiz.de/10013133693
We develop a novel framework using Bayesian networks to capture distress dependence in the context of counterparty credit risk. This allows us to calibrate the probability of distress of an entity conditional on the distress of a different entity. We apply our methodology to wrong-way risk model...
Persistent link: https://www.econbiz.de/10012843080
One of the most frequently used procedures for measurement invariance testing is the multigroup confirmatory factor … measurement invariance using Bayesian MGCFA. Approximate measurement invariance permits small differences between parameters … measurement invariance tests compare to the results of the exact measurement invariance test is missing. We address this gap by …
Persistent link: https://www.econbiz.de/10012937117
In this paper we show how to apply Bayesian methods to noisy ratio scale distances for both the classical similarities problem as well as the unfolding problem. Bayesian methods produce essentially the same point estimates as the classical methods but are superior in that they provide more...
Persistent link: https://www.econbiz.de/10012871983