Showing 1 - 10 of 2,384
. Then, we summarize some of the most important methods, as well as resampling methodology, which is useful to set critical …
Persistent link: https://www.econbiz.de/10009226018
I derive a rigorous method to help determine whether a true parameter takes a value between two arbitrarily chosen points for a given level of confidence via a multiple testing procedure which strongly controls the familywise error rate. For any test size, the distance between the upper and...
Persistent link: https://www.econbiz.de/10010729464
This paper adds to the issue of inference regarding potentially nonstationary panels where units are correlated. Recently, it has been proposed to tackle this problem by computing individual p-values and combining them to an overall joint significance. We adopt and illustrate this fairly general...
Persistent link: https://www.econbiz.de/10010907926
In this paper, I introduce a simple test for the presence of the data-generating process among several non-nested alternatives. The test is an extension of the classical J test for non-nested regression models. I also provide a bootstrap version of the test that avoids possible size distortions...
Persistent link: https://www.econbiz.de/10010574095
resampling-based multiple testing proposed by Romano and Wolf (2005) is employed while dealing with possible cross …
Persistent link: https://www.econbiz.de/10010709336
Venture capitalists deliver investments to entrepreneurs in stages. This paper shows staged financing is efficient. Staging lets investors abandon ventures with low early returns, and thus sorts good projects from bad. The primary implication from staging is that it is efficient to invest more...
Persistent link: https://www.econbiz.de/10010588368
resampling method to adjust for multiple testing. Through simulations we demonstrate preservation of the family-wise error rate …
Persistent link: https://www.econbiz.de/10005752620
This paper provides some simple methods of interpreting the coefficients in multinomial logit and ordered logit models. These methods are summarized in Propositions concerning the magnitudes, signs, and patterns of partial derivatives of the outcome probabilities with respect to the...
Persistent link: https://www.econbiz.de/10005511920
The t-test of an individual coefficient is used widely in models of qualitative choice. However, it is well known that the t-test can yield misleading results when the sample size is small. This paper provides some experimental evidence on the finite sample properties of the t-test in models...
Persistent link: https://www.econbiz.de/10005511930
In this paper we present a consistent specification test of a parametric regression function against a general nonparametric alternative. The proposed test is based on wavelet estimation and it is shown to have similar rates of convergence to the more commonly used kernel based tests. Monte...
Persistent link: https://www.econbiz.de/10005511937