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

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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. [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 09, 2003, ]

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Official URL: http://eprints.ucm.es/7689/


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Abstract

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:Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volume:2003
Number:09
ID Code:7689
Deposited On:10 Mar 2008
Last Modified:21 Jun 2017 12:20

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