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| Registros recuperados: 10 | |
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| Moffitt, L. Joe. |
| Restrictions on the hyperbolic trigonometric (HT) transformation are imposed to guarantee that a probability density function is obtained from the maximum likelihood estimation. Performance of the restricted HT transformation using data generated from normal, beta, gamma, logistic, log-normal, Pareto, Weibull, order statistic, and bimodal populations is investigated via sampling experiments. Results suggest that the restricted HT transformaltion is sufficiently flexible to compete with the actual population distributions in most cases. Application of the restricted HT transformation is illustrated by characterizing uncertain net income per acre for community-supported agriculture farms in the northeastern United States. |
| Tipo: Journal Article |
Palavras-chave: Farm management; Hyperbolic trigonometric transformation; Uncertainty; Farm Management; C2; Q1. |
| Ano: 2002 |
URL: http://purl.umn.edu/15074 |
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| Paris, Quirino. |
| Multicollinearity hampers empirical econometrics. The remedies proposed to date suffer from pitfalls of their own. The ridge estimator is not generally accepted as a vital alternative to the ordinary least-squares (OLS) estimator because it depends upon unknown parameters. The generalized maximum entropy (GME) estimator of Golan, Judge and Miller depends upon subjective exogenous information that affects the estimated parameters in an unpredictable way. This paper presents novel maximum entropy estimators inspired by the theory of light that do not depend upon any additional information. Monte Carlo experiments show that they are not affected by any level of multicollinearity and dominate OLS uniformly. The Leuven estimators are consistent and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Multicollinearity; Mean squared error; Ordinary least squares; Generalized maximum entropy; Research Methods/ Statistical Methods; C2. |
| Ano: 2001 |
URL: http://purl.umn.edu/11991 |
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| Singh, Kanhaiya; Kalirajan, Kaliappa P.. |
| In the first part of this paper, the policy reaction functions of the Reserve Bank of India (RBI) have been modeled to see how policy stance decisions respond to the changes in the goal variables. In the second part, the transmission effects of RBI’s policy stances on the goal variables have been analyzed using the Granger causality test, and analysis of simple estimated models of relevant variables. It may be suggested from the results that the RBI should not be working simultaneously with instruments of quantity and price control and should shelve the cash reserve ratio (CRR) and concentrate more on price variables for conducting monetary policy. |
| Tipo: Journal Article |
Palavras-chave: Monetary policy; Granger block non-causality; India; Financial Economics; C2; E4; E5. |
| Ano: 2006 |
URL: http://purl.umn.edu/50149 |
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| Cross, Robin M.; Plantinga, Andrew J.; Stavins, Robert N.. |
| We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Wine; Vineyard; Hedonic Price Analysis; Agricultural and Food Policy; C2; Q11. |
| Ano: 2011 |
URL: http://purl.umn.edu/101289 |
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| Registros recuperados: 10 | |
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