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ALTERNATIVE FUNCTIONAL FORMS AND ERRORS OF PSEUDO DATA ESTIMATION.

The article presents some results from a pseudo data analysis of a small hypothetical process model that casts doubt about the usefulness of the approach. In the article, the authors discusses the statistical properties of the errors, the question of the appropriate norm for approximation errors; th...

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Published in:Review of Economics & Statistics Vol. 62; no. 2; pp. 323 - 328
Main Authors: Maddala, G.S., Roberts, R. Blaine
Format: Article
Published: MIT Press May80
Subjects:
Economic forecasting
Error analysis in mathematics
Elasticity (Economics)
Prices
Diversification in industry
Labor
Model validation
Quantitative research
Cost estimates
Online Access:View this record in EBSCOhost