Comparison of Deterministic and Stochastic Predictors in Nonlinear Systems When the Disturbances Are Small
小扰动下非线性系统确定性与随机预测器的比较
This paper compares the deterministic and stochastic predictors of nonlinear models when the disturbances are small. Large-sample properties of these predictors have been analyzed extensively in the econometric literature. While the deterministic predictors are asymptotically biased, there are some Monte Carlo experiments that suggest the magnitude of this bias is rather insignificant. Here, we offer a possible explanation of the smallness of the deterministic bias. It is…