Biblioteca de la Universidad Complutense de Madrid

A flexible tool for model building: the relevant transformation of the imputs network approach


Pérez Amaral, Teodosio y Gallo, Giampiero M. y White, Halbert (2003) A flexible tool for model building: the relevant transformation of the imputs network approach. [ UCM. Instituto Complutense de Análisis Económico. Documentos de trabajo; nº 0309, 2003, ]

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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.

Tipo de documento:Documento de trabajo o Informe técnico
Palabras clave:Relevant Transformation of the Inputs Network Approach (RETINA). Economics models
Materias:Ciencias Sociales > Economía > Econometría
Título de serie o colección:UCM. Instituto Complutense de Análisis Económico. Documentos de trabajo
Código ID:7689

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Última Modificación:06 Feb 2014 07:55

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