Abstract
Recent studies focus on modelling count data, which often shows overdispersion or underdispersion. The Conway–Maxwell–Poisson (COMP) regression model effectively handles such dispersion. However, multicollinearity can negatively impact the maximum likelihood estimator (MLE) by increasing variance. To address this, biased estimators like the ridge estimator have been suggested to mitigate multicollinearity effects. This research proposes a new COMP hybrid estimator to further address multicollinearity issues. Theoretical comparisons between the COMP hybrid estimator, MLE, and other COMP estimators reveal that the hybrid estimator reduces mean squared error. Monte Carlo simulations and practical applications confirm that these proposed estimators outperform both MLE and existing COMP estimators.
Published Version
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