In this paper we jointly evaluate the Federal Reserve staff forecasts of U.S. real output growth and the inflation rate, assuming that the forecasts are to be used as inputs for the Taylor rule. Our simple methodology generates “policy forecast errors” which have a direct interpretation for...

Sequential estimation of the success probability p in inverse binomial sampling is considered in this paper. For any estimator <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$\hat{p}$</EquationSource> </InlineEquation>, its quality is measured by the risk associated with normalized loss functions of linear-linear or inverse-linear form. These functions are possibly...</equationsource></inlineequation>

Based on a new life test plan called a progressive first-failure-censoring scheme, the estimation problem of the reliability performances is considered for a semi-parameter class of distributions by using Bayes and non-Bayes methods. In order to investigate the accuracy of estimation, an...

This paper is concerned with estimating the coefficients in single-index models. We develop a robust estimator, which combines the ideas of rank-based regression inference and outer product of gradients. Both asymptotic and numerical results show that the proposed procedure has better...