The bootstrap and multiple imputations: harnessing increased computing power for improved statistical tests
Article Abstract:
The bootstrap and multiple imputations methods have been developed by statisticians over the last two decades to boost the accuracy of estimated confidence bands and critical values. New research in this area has focused on obtaining more accurate confidence bands in ordinary least squares regressions, the most frequently used form in applied econometrics.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2001
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The new econometrics of structural change: dating breaks in U.S. labor productivity
Article Abstract:
US labour productivity information is used to assess the applicability of three innovaitons for identifying structural breaks. There was found to be evidence of structural change in the regression function for seven of the 10 industry groups studied, but only two indicating signs of a structural break in the mean growth rate.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2001
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GARCH 101: the use of ARCH/GARCH models in applied econometrics
Article Abstract:
ARCH/GARCH models are based on the assumption that the anticipate value of all error terms, when squared, is the same at any given point. These models regard heteroskedasticity as a variance to be modeled, allowing a prediction to be computed for the variance of each error term.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2001
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