Operational ridge regression estimators under the prediction goal |
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| Authors: | Krishna Kadiyala |
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| Institution: | Department of Economics , Algoma University College , Sault Ste. Marie, Ontario |
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| Abstract: | In this paper we study the Mean Square Error and Conditional Mean Forecasting of Operational Ordinary Ridge Estimator. We use the G( ) functions to provide both the exact and the approximate bias and Mean Square Error of ordinary ridge estimator (ORE), We show, among other things, that ORE dominates OLS up to a certain order of approximation under the conditional mean forecasting sense. |
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| Keywords: | ordinary ridge estimators conditional mean forecasting mean square error asymptotic expansion |
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