Independence of error terms in a linear regression model, often not established. So a linear regression model with correlated error terms appears in many applications. According to the earlier studies, this kind of error terms, basically can affect the robustness of the linear regression model analysis. It is also shown that the robustness of the parameters estimators of a linear regression model can stay using the M-estimator. But considering that, it acquires this feature as the result of establishment of its efficiency. Whereas, it has been shown that the minimum Matusita distance estimators, has both features robustness and efficiency at the same time. On the other hand, because the Cochrane and Orcutt adjusted least squares estimators are not affected by the dependence of the error terms, so they are efficient estimators. Here we are using of a non-parametric kernel density estimation method, to give a new method of obtaining the minimum Matusita distance estimators for the linear regression model with correlated error terms in the presence of outliers. Also, simulation and real data study both are done for the introduced estimation method. In each case, the proposed method represents lower biases and mean squared errors than the other two methods.KEYWORDS: Robust estimation method, minimum Matusita distance estimation method, non-parametric kernel density estimation method, correlated error terms, outliers相似文献
Our “Restated diversification theorem” (Skogh and Wu, 2005) says that risk-averse agents may pool risks efficiently without assignment of subjective probabilities to outcomes, also at genuine uncertainty. It suffices that the agents presume that they face equal risks. Here, the theorem is tested in an experiment where the probability of loss, and the information about this probability, varies. The result supports our theorem. Moreover, it tentatively supports an evolutionary theory of the insurance industry—starting with mutual pooling at uncertainty, turning into insurance priced ex ante when actuarial information is available. 相似文献
Our study investigates the relationship between technology innovation and human development in technologically advanced countries using data from quarterly observations from the last decade of the twentieth century to the first two decades of the twenty-first century. This objective of this study is to implement Quantile-on-Quantile regression (QQ) technique that as formulated by Sim and Zhou (J Bank Finance 55:1–8, 2015) and the renowned Granger-causality in quantiles as proposed by Troster (Econom Rev 37(8):850–866, 2018) examine the basic relationship between the given quantiles of technology innovation and their effects on the quantiles of human development. Therefore, the outcomes of this study explain the overall interdependence of technology innovation and affect the overall human development index. It is enumerated that the empirical results indicate that a significant positive relationship exists between technology innovation and human development in all selected technologically advanced countries, predominantly in both low and high tails. Moreover, the outcomes of Granger causality quantiles indicate a bi-directional fundamental relationship between these two variables in the dataset of all countries. The outcomes of the observations are extended to the recent findings on these two variables’ nexus and imply a differential impact on the technologically advanced countries. This causality guides us to offer some specific policy recommendations to each group of countries.
Moving Extremes Ranked Set Sampling (MERSS) is a useful modification of Ranked Set Sampling (RSS). Unlike RSS, MERSS allows
for an increase of set size without introducing too much ranking error. The method is considered parametrically under exponential
distribution. Maximum likelihood estimator (MLE), and a modified MLE are considered and their properties are studied. The
method is studied under both perfect and imperfect ranking (with error in ranking). It appears that these estimators can be
real competitors to the MLE using the usual simple random sampling (SRS). 相似文献
In this article, we have developed asymptotic theory for the simultaneous estimation of the k means of arbitrary populations under the common mean hypothesis and further assuming that corresponding population variances are unknown and unequal. The unrestricted estimator, the Graybill-Deal-type restricted estimator, the preliminary test, and the Stein-type shrinkage estimators are suggested. A large sample test statistic is also proposed as a pretest for testing the common mean hypothesis. Under the sequence of local alternatives and squared error loss, we have compared the asymptotic properties of the estimators by means of asymptotic distributional quadratic bias and risk. Comprehensive Monte-Carlo simulation experiments were conducted to study the relative risk performance of the estimators with reference to the unrestricted estimator in finite samples. Two real-data examples are also furnished to illustrate the application of the suggested estimation strategies. 相似文献
This article explores how the significance of ethnic identity can vary within a stable population, using caste among Muslims in Hyderabad, India as a case study. While some Hyderabadi Muslims are still embedded in ethnic networks, most now experience ethnicity as elective and do not rely on a corporate caste group for their social connections. This reflects a decline in the value of caste identities, which no longer provide economic or political resources. Increasingly, Muslims seek status through education, profession, or income. Thus, most Muslims in Hyderabad experience caste membership, identity, and networks in a weakened or attenuated way. 相似文献
In a dynamic environment, organizations often are required to effect major changes in operations. The success of such changes invariably depends upon numerous factors one of which is how the change affects the work environment. Therefore, in planning organizational change it is important to consider the work environment and to objectively evaluate changes in the work environment in a timely fashion so that corrective actions may be formulated if needed. Such framing and monitoring of the organizational change facilitates successful implementation of the organizational change. This paper suggests a measure which may be used in evaluating an organization's work environment. A case is discussed. 相似文献
In this paper, we introduce a multivariate generalization of the population version of Gini's rank association coefficient,
giving a response to this open question posed in [4]. We also study some properties of this version, present the corresponding
results for the sample statistic, and provide several examples. 相似文献
We examine the role of managers in controlling the positive impact of stakeholder management (SM) on firm financial performance (FP) in the long term. We develop and test competing hypotheses on whether managers act as “good citizens” or engage in “self‐dealing” when allowed greater discretion. We test our assertions using dynamic panel data analysis of a sample of 806 U.S. public firms operating in 34 industries over 5 years (2005–2009). Our results indicate a nuanced influence of managerial discretion contexts on the SM‐FP relationship. We infer that given more latitude in decision making, as long as the “going is good” managers act as good citizens, but otherwise they revert to managerial self‐dealing. In light of our results, firms designing governance mechanisms to encourage managers to balance the needs of both shareholders and stakeholders must remain cognizant of contextual contingencies. 相似文献