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Testing the statistical significance of microsimulation results : often easier than you think ; a technical note
Goedemé, Tim; Van den Bosch, Karel; Salanauskaite, Lina; … - 2013
In the microsimulation literature, it is still uncommon to test the statistical significance of results. In this paper … we argue that this situation is both undesirable and unnecessary. Provided the parameters used in the microsimulation are … exogenous, as is often the case in static microsimulation of the first-order effects of policy changes, simple statistical tests …
Persistent link: https://www.econbiz.de/10010201167
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Data and model cross-validation to improve accuracy of microsimulation results : estimates for the Polish household budget survey
Myck, Michał; Najsztub, Mateusz - 2014
representativeness from the point of view of microsimulation analysis. We find important discrepancies between the data weighted with … the point of view of the accuracy of microsimulation results and we show that using a combination of demographic … calibration targets with several economic status variables or tax identifiers from the microsimulation model substantially …
Persistent link: https://www.econbiz.de/10010259535
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Data and Model Cross-Validation to Improve Accuracy of Microsimulation Results : Estimates for the Polish Household Budget Survey
Myck, Michał; Najsztub, Mateusz - 2014
representativeness from the point of view of microsimulation analysis. We find important discrepancies between the data weighted with … the point of view of the accuracy of microsimulation results and we show that using a combination of demographic … calibration targets with several economic status variables or tax identifiers from the microsimulation model substantially …
Persistent link: https://www.econbiz.de/10014145948
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A Generalized Maximum Entropy Estimator to Simple Linear Measurement Error Model with a Composite Indicator
Carpita, Maurizio - 2013
We extend the Simple Linear Measurement Error Model through the inclusion of a composite indicator by using the Generalized Maximum Entropy estimator. A Monte Carlo simulation study is proposed for comparing the performances of the proposed estimator to his counterpart the Ordinary Least Squares...
Persistent link: https://www.econbiz.de/10013082683
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Estimating standard errors for the Parks model : can jackknifing help?
Reed, W. Robert; Webb, Rachel S. - 2010
Non-spherical errors, namely heteroscedasticity, serial correlation and cross-sectional correlation are commonly present within panel data sets. These can cause significant problems for econometric analyses. The FGLS(Parks) estimator has been demonstrated to produce considerable efficiency gains...
Persistent link: https://www.econbiz.de/10008651758
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Estimating standard errors for the Parks model : can jackknifing help?
Reed, W. Robert; Webb, Rachel S. - 2011
Non-spherical errors, namely heteroscedasticity, serial correlation and cross-sectional correlation are commonly present within panel data sets. These can cause significant problems for econometric analyses. The FGLS(Parks) estimator has been demonstrated to produce considerable efficiency gains...
Persistent link: https://www.econbiz.de/10008779662
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A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables
Keane, Michael P.; Sauer, Robert M. - 2009
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can easily deal with the commonly encountered and widely discussed "initial conditions problem," as well as the...
Persistent link: https://www.econbiz.de/10003824296
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Accurate Test Limits Under Nonnormal Measurement Error
Albers, Willem; Kallenberg, Wilbert C.M; Otten, Gertjan D. - 1998
When screening a production process for nonconforming items the objective is to improve the average outgoing quality level. Due to measurement errors specification limits cannot be checked directly and hence test limits are required, which meet some given requirement, here given by a prescribed...
Persistent link: https://www.econbiz.de/10014070117
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Real Risk or Paper Risk? Mis-Measured Factors, Granular Measurement Errors, and Empirical Asset Pricing Tests
Byun, Sung Je - 2020
We study implications of unpriced "granular measurement errors" -- idiosyncratic shocks to large firms that aren't well-diversified in market indices -- for asset pricing tests and propose alternative tests insensitive to them. We find stronger evidence of an intertemporal relation between the...
Persistent link: https://www.econbiz.de/10012849714
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Improved estimation of poisson rate distributions through a multi-mode survey design
Hitczenko, Marcin - 2021
Researchers interested in studying the frequency of events or behaviors among a population must rely on count data provided by sampled individuals. Often, this involves a decision between live event counting, such as a behavioral diary, and recalled aggregate counts. Diaries are generally more...
Persistent link: https://www.econbiz.de/10012425355