Pérez Amaral, Teodosio and Gallo, Giampiero M. and White, Halbert (2003) A flexible tool for model building: the relevant transformation of the imputs network approach. [Working Paper or Technical Report]
Official URL: http://eprints.ucm.es/7689/
A new method, called Relevant Transformation of the Inputs Network Approach (RETINA) is proposed as a tool for model building. It is designed around flexibility (with nonlinear transformations of the predictors of interest), selective search within the range of possible models, out-of-sample forecasting ability and computational simplicity. In tests on simulated data, it shows both a high rate of successful retrieval of the DGP which increases with the sample size and a good performance relative to other alternative procedures. A telephone service demand model is built to show how the procedure applies on real data.
|Item Type:||Working Paper or Technical Report|
|Uncontrolled Keywords:||Relevant Transformation of the Inputs Network Approach (RETINA). Economics models|
|Subjects:||Social sciences > Economics > Econometrics|
|Series Name:||UCM. Instituto Complutense de Análisis Económico. Documentos de trabajo|
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|Deposited On:||10 Mar 2008|
|Last Modified:||06 Feb 2014 07:55|
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