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似然支配准则AI 解读

The dominance ordering and the LDC provide a new approach to model selection. The dominance ordering is described in terms of a fictive experiment in which the two competing hypotheses are nested in a composite. If estimating the composite would lead to accepting one hypothesis and rejecting the other, then which would be accepted and which rejected is determined by the two adjusted likelihood values and does not require estimating the composite, although it does require…

摘要暂缺

摘要暂缺

In this paper we estimate a complete system of demand equations making full use of the restrictions implied by economic theory. Our theoretical model is based on the Klein-Rubin linear expenditure system which was first estimated by Stone. We place primary emphasis on maximum likelihood estimates obtained using annual time series observations of prices and per capita consumption for the U.S. economy in the period 1948-1965. The plan of the paper is as follows: Section 1…