Heavy Tails of OLS
... This observation pertains to finance models like the CAPM beta regression, the forward premium equation and the yield curve regression. In economics, macro models like the monetary model of the foreign exchange rate also yield a wide spectrum of regression coefficients. The uncertainty in CAPM regre ...
... This observation pertains to finance models like the CAPM beta regression, the forward premium equation and the yield curve regression. In economics, macro models like the monetary model of the foreign exchange rate also yield a wide spectrum of regression coefficients. The uncertainty in CAPM regre ...
Empirical Likelihood Confidence Region for Parameters in Semi
... random covariates and measurement error vectors, respectively, Y is a scalar response and is the model error. It is assumed that x and (, us)s are independent. In the last two decades, the linear EV model (1) has frequently been used in practice and has attracted considerable attention in the sta ...
... random covariates and measurement error vectors, respectively, Y is a scalar response and is the model error. It is assumed that x and (, us)s are independent. In the last two decades, the linear EV model (1) has frequently been used in practice and has attracted considerable attention in the sta ...
Rational Choice vs. Program-based Behavior: Alternative
... sure, it may be said to inform us about what would be the case if the world were populated by perfectly rational agents. Yet, whatever useful information it may provide in doing so, as a theory about an imagined world it definitely does not produce empirically testable conjectures about real human a ...
... sure, it may be said to inform us about what would be the case if the world were populated by perfectly rational agents. Yet, whatever useful information it may provide in doing so, as a theory about an imagined world it definitely does not produce empirically testable conjectures about real human a ...
GRADIENT-BASED STRUCTURAL CHANGE DETECTION FOR
... block size and Vi ’s are standard normals that are independent of the the data. If the true errors {ei } were known and the residuals in (3) are replaced by the true errors, then it can be shown that the above bootstrap consistently mimics (3). However, due to the non-negligible differences between ...
... block size and Vi ’s are standard normals that are independent of the the data. If the true errors {ei } were known and the residuals in (3) are replaced by the true errors, then it can be shown that the above bootstrap consistently mimics (3). However, due to the non-negligible differences between ...
Simple Linear Regression - Computer Science Department
... Consider the distribution in the figure. The bars on the right side of the distribution taper differently than the bars on the left side. These tapering sides are called tails (or snakes), and they provide a visual means for determining which of the two kinds of skewness a distribution has: 1.negati ...
... Consider the distribution in the figure. The bars on the right side of the distribution taper differently than the bars on the left side. These tapering sides are called tails (or snakes), and they provide a visual means for determining which of the two kinds of skewness a distribution has: 1.negati ...
Theory of Consumer Behavior
... Mr. H. Gossen, a German economist, was first to explain this law in 1854. Alfred Marshal later on restated this law in the following words: “The additional benefit which a person derives from an increase of his stock of a thing diminishes with every increase in the stock that already has”. ...
... Mr. H. Gossen, a German economist, was first to explain this law in 1854. Alfred Marshal later on restated this law in the following words: “The additional benefit which a person derives from an increase of his stock of a thing diminishes with every increase in the stock that already has”. ...
