Random Scaling Factors in Bayesian Distributional Regression Models with an Application to Real Estate Data
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- W. Brunauer & S. Lang & P. Wechselberger & S. Bienert, 2010. "Additive Hedonic Regression Models with Spatial Scaling Factors: An Application for Rents in Vienna," The Journal of Real Estate Finance and Economics, Springer, vol. 41(4), pages 390-411, November.
- Lang, Stefan & Steiner, Winfried J. & Weber, Anett & Wechselberger, Peter, 2015. "Accommodating heterogeneity and nonlinearity in price effects for predicting brand sales and profits," European Journal of Operational Research, Elsevier, vol. 246(1), pages 232-241.
- David J. Spiegelhalter & Nicola G. Best & Bradley P. Carlin & Angelika Van Der Linde, 2002. "Bayesian measures of model complexity and fit," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 64(4), pages 583-639, October.
- Gneiting, Tilmann & Raftery, Adrian E., 2007. "Strictly Proper Scoring Rules, Prediction, and Estimation," Journal of the American Statistical Association, American Statistical Association, vol. 102, pages 359-378, March.
- Brezger, Andreas & Lang, Stefan, 2006. "Generalized structured additive regression based on Bayesian P-splines," Computational Statistics & Data Analysis, Elsevier, vol. 50(4), pages 967-991, February.
- R. A. Rigby & D. M. Stasinopoulos, 2005. "Generalized additive models for location, scale and shape," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 54(3), pages 507-554, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Alexander Razen & Stefan Lang & Judith Santer, 2016. "Estimation of Spatially Correlated Random Scaling Factors based on Markov Random Field Priors," Working Papers 2016-33, Faculty of Economics and Statistics, Universität Innsbruck.
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.- Nadja Klein & Thomas Kneib & Stefan Lang, 2015. "Bayesian Generalized Additive Models for Location, Scale, and Shape for Zero-Inflated and Overdispersed Count Data," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 110(509), pages 405-419, March.
- Klein, Nadja & Denuit, Michel & Lang, Stefan & Kneib, Thomas, 2013. "Nonlife Ratemaking and Risk Management with Bayesian Additive Models for Location, Scale and Shape," LIDAM Discussion Papers ISBA 2013045, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Klein, Nadja & Denuit, Michel & Lang, Stefan & Kneib, Thomas, 2014. "Nonlife ratemaking and risk management with Bayesian generalized additive models for location, scale, and shape," Insurance: Mathematics and Economics, Elsevier, vol. 55(C), pages 225-249.
- Alexander Razen & Stefan Lang & Judith Santer, 2016. "Estimation of Spatially Correlated Random Scaling Factors based on Markov Random Field Priors," Working Papers 2016-33, Faculty of Economics and Statistics, Universität Innsbruck.
- Samson B. Adebayo & Ezra Gayawan, 2022. "A Bivariate Analysis of the Spatial Distributions of Stunting and Wasting Among Children Under-Five in Nigeria," Journal of Development Policy and Practice, , vol. 7(1), pages 31-52, January.
- Nadja Klein & Michel Denuit & Stefan Lang & Thomas Kneib, 2013. "Nonlife Ratemaking and Risk Management with Bayesian Additive Models for Location, Scale and Shape," Working Papers 2013-24, Faculty of Economics and Statistics, Universität Innsbruck.
- Rubio, F.J. & Steel, M.F.J., 2011. "Inference for grouped data with a truncated skew-Laplace distribution," Computational Statistics & Data Analysis, Elsevier, vol. 55(12), pages 3218-3231, December.
- Wu, Ji & Guo, Mengmeng & Chen, Minghua & Jeon, Bang Nam, 2019.
"Market power and risk-taking of banks: Some semiparametric evidence from emerging economies,"
Emerging Markets Review, Elsevier, vol. 41(C).
- Jeon, Bang Nam & Wu, Ji & Guo, Mengmeng & Chen, Minghua, 2018. "Market power and the risk-taking of banks: Some semiparametric evidence from emerging economies," School of Economics Working Paper Series 2018-1, LeBow College of Business, Drexel University.
- Bassetti, Federico & De Giuli, Maria Elena & Nicolino, Enrica & Tarantola, Claudia, 2018. "Multivariate dependence analysis via tree copula models: An application to one-year forward energy contracts," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1107-1121.
- Constandina Koki & Loukia Meligkotsidou & Ioannis Vrontos, 2020. "Forecasting under model uncertainty: Non‐homogeneous hidden Markov models with Pòlya‐Gamma data augmentation," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(4), pages 580-598, July.
- Mark F. J. Steel, 2020.
"Model Averaging and Its Use in Economics,"
Journal of Economic Literature, American Economic Association, vol. 58(3), pages 644-719, September.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 81568, University Library of Munich, Germany.
- Steel, Mark F. J., 2017. "Model Averaging and its Use in Economics," MPRA Paper 90110, University Library of Munich, Germany, revised 16 Nov 2018.
- Jullion, Astrid & Lambert, Philippe, 2007. "Robust specification of the roughness penalty prior distribution in spatially adaptive Bayesian P-splines models," Computational Statistics & Data Analysis, Elsevier, vol. 51(5), pages 2542-2558, February.
- Jamie Roberman & Theophilus I. Emeto & Oyelola A. Adegboye, 2021. "Adverse Birth Outcomes Due to Exposure to Household Air Pollution from Unclean Cooking Fuel among Women of Reproductive Age in Nigeria," IJERPH, MDPI, vol. 18(2), pages 1-15, January.
- Vicente G. Cancho & Gladys D. C. Barriga & Gauss M. Cordeiro & Edwin M. M. Ortega & Adriano K. Suzuki, 2021. "Bayesian survival model induced by frailty for lifetime with long‐term survivors," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 75(3), pages 299-323, August.
- Chibuzor Christopher Nnanatu & Glory Atilola & Paul Komba & Lubanzadio Mavatikua & Zhuzhi Moore & Dennis Matanda & Otibho Obianwu & Ngianga-Bakwin Kandala, 2021. "Evaluating changes in the prevalence of female genital mutilation/cutting among 0-14 years old girls in Nigeria using data from multiple surveys: A novel Bayesian hierarchical spatio-temporal model," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-31, February.
- David Kaplan & Chansoon Lee, 2018. "Optimizing Prediction Using Bayesian Model Averaging: Examples Using Large-Scale Educational Assessments," Evaluation Review, , vol. 42(4), pages 423-457, August.
- Fabian Krüger & Sebastian Lerch & Thordis Thorarinsdottir & Tilmann Gneiting, 2021. "Predictive Inference Based on Markov Chain Monte Carlo Output," International Statistical Review, International Statistical Institute, vol. 89(2), pages 274-301, August.
- Angelo Moretti, 2023. "Estimation of small area proportions under a bivariate logistic mixed model," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(4), pages 3663-3684, August.
- Westgate, Bradford S. & Woodard, Dawn B. & Matteson, David S. & Henderson, Shane G., 2016. "Large-network travel time distribution estimation for ambulances," European Journal of Operational Research, Elsevier, vol. 252(1), pages 322-333.
- Nikolaus Umlauf & Nadja Klein & Achim Zeileis, 2017. "BAMLSS: Bayesian Additive Models for Location, Scale and Shape (and Beyond)," Working Papers 2017-05, Faculty of Economics and Statistics, Universität Innsbruck.
More about this item
Keywords
iteratively weighted least squares proposals; MCMC; multiplicative random effects; structured additive predictors;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ECM-2016-10-30 (Econometrics)
- NEP-URE-2016-10-30 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
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:inn:wpaper:2016-30. 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: Janette Walde (email available below). General contact details of provider: https://edirc.repec.org/data/fuibkat.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.