Search Results - subject:"Latent variable."

Qual VAR Revisited: Good Forecast, Bad Story

El-Shagi, Makram; von Schweinitz, Gregor - 2012

model including a latent variable that governs the behavior of an observable binary variable. While we find that the Qual … problems. Therefore, when the economic interpretation of the dynamic behavior of the latent variable and the chain of causality …

Persistent link: https://www.econbiz.de/10010291571

Qual VAR Revisited: Good Forecast, Bad Story

El-Shagi, Makram; Schweinitz, Gregor von - Institut für Wirtschaftsforschung Halle (IWH) - 2012

Persistent link: https://www.econbiz.de/10010857332

Comparing Features of Convenient Estimators for Binary Choice Models With Endogenous Regressors

Dong, Yingying; Lewbel, Arthur; Yang, Thomas Tao - Department of Economics, Boston College - 2012

We discuss the relative advantages and disadvantages of four types of convenient estimators of binary choice models when regressors may be endogenous or mismeasured, or when errors are likely to be heteroskedastic. For example, such models arise when treatment is not randomly assigned and...

Persistent link: https://www.econbiz.de/10010960033

A Simple Estimator for Binary Choice Models With Endogenous Regressors

Dong, Yingying; Lewbel, Arthur - Department of Economics, Boston College - 2012

This paper provides a few variants of a simple estimator for binary choice models with endogenous or mismeasured regressors, or with heteroskedastic errors, or with panel fixed effects. Unlike control function methods, which are generally only valid when endogenous regressors are continuous, the...

Persistent link: https://www.econbiz.de/10010575988

Simple Estimators for Binary Choice Models with Endogenous Regressors

Dong, Yingying; Lewbel, Arthur - Department of Economics, University of California-Irvine - 2012

This paper provides simple estimators for binary choice models with endogenous or mismeasured regressors. Unlike control function methods, which are generally only valid when endogenous regressors are continuous, the estimators proposed here can be used with limited, censored, continuous, or...

Persistent link: https://www.econbiz.de/10009651433

Does investor sentiment affect price-earnings ratios?

Jitmaneeroj, Boonlert - In: Studies in Economics and Finance 34 (2017) 2, pp. 183-193

/methodology/approach The paper examines the determinants of P/E ratio by applying latent variable models with investor sentiment as a latent … have measurement errors to the true but unobservable investor sentiment, the current paper uses latent variable models to … variable and several fundamental factors as control variables. Investor sentiment is proxied by trading volume, advance …

Persistent link: https://www.econbiz.de/10015014118