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Estimation of Transition Probabilities Using Median Absolute Deviations

Author

Listed:
  • Kim, C.S.
  • Schaible, Glenn D.

Abstract

The probability-constrained minimum absolute deviations (MAD) estimator appears to be superior to the probability-constrained quadratic programming estimator in estimating transition probabilities with limited aggregate time series data Futhermore, one can reduce the number of columns in the probability-constrained MAD simplex tableau by adopting the median property

Suggested Citation

  • Kim, C.S. & Schaible, Glenn D., 1988. "Estimation of Transition Probabilities Using Median Absolute Deviations," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 40(4), pages 1-8.
    • Handle: RePEc:ags:uersja:137484
    DOI: 10.22004/ag.econ.137484
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    Citations

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    Cited by:

    1. Veeman, M.M. & Veeman, T.S. & Dong, X.Y., 1989. "Market Share Competition in World Wheat Markets," Project Report Series 232074, University of Alberta, Department of Resource Economics and Environmental Sociology.
    2. Miller, Douglas J., 1994. "Entropy Methods For Recovering Information From Economic Models," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271680, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    3. Kim, C.S. & Lin, William W. & Leath, Mack N., 1991. "The Changing Structure of the U.S. Flour Milling Industry," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 43(3), pages 1-8.

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