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A stochastic restricted ridge regression estimator

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Author Info
Özkale, M. Revan
Abstract

Groß [J. Groß, Restricted ridge estimation, Statistics & Probability Letters 65 (2003) 57-64] proposed a restricted ridge regression estimator when exact restrictions are assumed to hold. When there are stochastic linear restrictions on the parameter vector, we introduce a new estimator by combining ideas underlying the mixed and the ridge regression estimators under the assumption that the errors are not independent and identically distributed. Apart from [J. Groß, Restricted ridge estimation, Statistics & Probability Letters 65 (2003) 57-64], we call this new estimator as the stochastic restricted ridge regression (SRRR) estimator. The performance of the SRRR estimator over the mixed estimator in respect of the variance and the mean square error matrices is examined. We also illustrate our findings with a numerical example. The shrinkage generalized least squares (GLS) and the stochastic restricted shrinkage GLS estimators are proposed.

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Publisher Info
Article provided by Elsevier in its journal Journal of Multivariate Analysis.

Volume (Year): 100 (2009)
Issue (Month): 8 (September)
Pages: 1706-1716
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Handle: RePEc:eee:jmvana:v:100:y:2009:i:8:p:1706-1716

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Related research
Keywords: Multicollinearity Restricted ridge regression estimator Stochastic linear restrictions Mixed estimator Autocorrelated error;

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This page was last updated on 2009-12-3.


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