IDEAS home Printed from https://ideas.repec.org/a/eee/matcom/v48y1999i4p479-486.html

Sensitivity bounds for use with flawed data

Author

Listed:
  • Fiebig, Denzil G.
  • Uldry, Pierre-Francois

Abstract

Data do not adhere to the usual statistical assumptions and applied work is made difficult by the need to cope with the myriad of problems that arise from flawed data. Prominent examples are data that contain missing values or where variables are only available in categorised form. Standard solutions include omitting incomplete records and replacing missing or categorised observations by some representative values. In these and other cases of flawed data, there is some information available on the potential range into which any particular observation could feasibly fall. We contend that there is considerable diagnostic value in exploiting this information to compute bounds for the coefficient estimates and related statistics such as t-ratios. While one of the standard solutions may ultimately be used to produce a set of estimates, the bounds provide an indication of how sensitive these results are to the particular solution chosen. This approach is developed and illustrated by way of several examples.

Suggested Citation

  • Fiebig, Denzil G. & Uldry, Pierre-Francois, 1999. "Sensitivity bounds for use with flawed data," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 48(4), pages 479-486.
    • Handle: RePEc:eee:matcom:v:48:y:1999:i:4:p:479-486
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378475499000270
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Harry Bloch, 1992. "Pricing in Australian Manufacturing," The Economic Record, The Economic Society of Australia, vol. 68(4), pages 365-376, December.
    2. Farebrother, R.W., 1994. "Bounds on Coefficient Estimates When the Dependent Variable is Grouped," Econometric Theory, Cambridge University Press, vol. 10(01), pages 226-227, March.
    3. Cameron, Trudy Ann, 1992. "The impact of grouping coarseness in alternative grouped-data regression models," Journal of Econometrics, Elsevier, vol. 52(3), pages 419-421, June.
    4. Krieger, Abba M & Gastwirth, Joseph L, 1984. "Interpolation from Grouped Data for Unimodal Densities," Econometrica, Econometric Society, vol. 52(2), pages 419-426, March.
    5. R.P. Byron & O. Ashenfelter, 1995. "Predicting the Quality of an Unborn Grange," The Economic Record, The Economic Society of Australia, vol. 71(1), pages 40-53, March.
    6. repec:bla:ecorec:v:71:y:1995:i:212:p:40-53 is not listed on IDEAS
    7. Fiebig, Denzil G., 1993. "Bounds on Coefficient Estimates When the Dependent Variable is Grouped," Econometric Theory, Cambridge University Press, vol. 9(01), pages 145-145, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harry Bloch & Michael Olive, 1999. "Cyclical and Competitive Influences on Pricing in Australian Manufacturing," The Economic Record, The Economic Society of Australia, vol. 75(3), pages 268-279, September.
    2. Alston, Julian M. & Fuller, Kate B. & Lapsley, James T. & Soleas, George, 2011. "Too Much of a Good Thing? Causes and Consequences of Increases in Sugar Content of California Wine Grapes," Journal of Wine Economics, Cambridge University Press, vol. 6(2), pages 135-159, October.
    3. B. Faye & E. Le Fur & S. Prat, 2015. "Dynamics of fine wine and asset prices: evidence from short- and long-run co-movements," Applied Economics, Taylor & Francis Journals, vol. 47(29), pages 3059-3077, June.
    4. Brooks, Eileen, 2003. "Products and Prejudice: Measuring Country-of-Origin Bias in U.S. Wine Imports," Santa Cruz Department of Economics, Working Paper Series qt8sv3q6qv, Department of Economics, UC Santa Cruz.
    5. Jerath, Kinshuk & Fader, Peter S. & Hardie, Bruce G.S., 2016. "Customer-base analysis using repeated cross-sectional summary (RCSS) data," European Journal of Operational Research, Elsevier, vol. 249(1), pages 340-350.
    6. Baldwin, John R. & Yan, Beiling, 2008. "Domestic and foreign influences on Canadian prices," International Review of Economics & Finance, Elsevier, vol. 17(4), pages 546-557, October.
    7. Harry Bloch & Michael Olive, 2001. "Pricing over the Cycle," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 19(1), pages 99-108, August.
    8. Nilss Olekalns, 1995. "The Effect of Nominal Demand Shocks on Manufacturing Output: Evidence from Disaggregated Australian Data," The Economic Record, The Economic Society of Australia, vol. 71(1), pages 66-76, March.
    9. T.A. Cameron & D.D. Huppert, 1988. ""Referendum" Contingent Valuation Estimates: Sensitivity to the Assignment of Offered Values," UCLA Economics Working Papers 519, UCLA Department of Economics.
    10. Aytaç, Beysül & Hoang, Thi-Hong-Van & Mandou, Cyrille, 2016. "Wine: To drink or invest in? A study of wine as an investment asset in French portfolios," Research in International Business and Finance, Elsevier, vol. 36(C), pages 591-614.
    11. Mora Rodriguez, Jhon James, 2013. "Introduccion a la teoría del consumidor [Introduction to Consumer Theory]," MPRA Paper 48129, University Library of Munich, Germany, revised 08 Jul 2013.
    12. Loureiro, Maria L., 2003. "Rethinking new wines: implications of local and environmentally friendly labels," Food Policy, Elsevier, vol. 28(5-6), pages 547-560.
    13. Lehrer, David & Becker, Nir & Bar, Pua, 2010. "The economic impact of the invasion of Acacia saligna in Israel," MPRA Paper 33954, University Library of Munich, Germany.
    14. Mandy Ryan & Verity Watson, 2009. "Comparing welfare estimates from payment card contingent valuation and discrete choice experiments," Health Economics, John Wiley & Sons, Ltd., vol. 18(4), pages 389-401, April.
    15. Amogh Prakasha Kumar & Richard Watt & Laura Meriluoto, 2021. "New Evidence on Using Expert Ratings to Proxy for Wine Quality in Climate Change Research," Working Papers in Economics 21/10, University of Canterbury, Department of Economics and Finance.
    16. Hu, Wuyang & Woods, Timothy & Bastin, Sandra & Cox, Linda & You, Wen, 2011. "Assessing Consumer Willingness to Pay for Value-Added Blueberry Products Using a Payment Card Survey," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 43(2), pages 243-258, May.
    17. Evens Saliès & Bodo Steiner, 2011. "Have policy distortion spilled overacross wine markets ? : evidence from the french wine sector," Documents de Travail de l'OFCE 2011-16, Observatoire Francais des Conjonctures Economiques (OFCE).
    18. repec:ags:ijag24:347275 is not listed on IDEAS
    19. Brooks, Eileen, 2003. "Products and Prejudice: Measuring Country-of-Origin Bias in U.S. Wine Imports," Santa Cruz Department of Economics, Working Paper Series qt59m9341j, Department of Economics, UC Santa Cruz.
    20. Mert Hakan Hekimoğlu & Burak Kazaz, 2020. "Analytics for Wine Futures: Realistic Prices," Production and Operations Management, Production and Operations Management Society, vol. 29(9), pages 2096-2120, September.
    21. Grégoire Croidieu & Charles-Clemens Ruling & Bilal-Ahmed Jathol, 2017. "Complex field-positions and non-imitation: Pioneers, strangers, and insulars in Australian fine-wine," Post-Print hal-01609429, HAL.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:matcom:v:48:y:1999:i:4:p:479-486. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/mathematics-and-computers-in-simulation/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.