Exact distributions of Bayesian Cox-Snell bounds in auditing
Article Abstract:
The analytic properties of the Cox-Snell upper bounds model in accounting are analyzed. A theoretical method to derive the probability distribution of a random variable upper bound for a given population is developed. The theoretical method is found to be superior to simulation when population distributions can be represented by relatively simple functions, by simulation is still necessary for complicated population distributions.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 1989
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The power of Beaver's U against a variance increase in market model residuals
Article Abstract:
A general empirical distribution procedure is developed to test both Beaver's U and May's U. For leptokurtic residuals the procedure is found to be unbiased against the null. The procedure is also found to provide a reliable alternative to normal Beaver's U and May's U approximations and it is easy to use. Analysis results show that May's U is preferable to Beaver's U for detecting variance increases in non-normal daily residuals.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 1989
User Contributions:
Comment about this article or add new information about this topic:
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