Abstract
The finite distributed lag models include highly correlated variables, lagged and unlagged values of the same variables. Some problems are faced for this model when applying the ordinary least squares (OLS) method or econometric models such as Almon models. Gultay and Kaciranlar (2015) compared the performance of the alternative biased estimators to the Almon estimator in terms of the mean square error (MSE). The primary aim of this study is to evaluate the predictive performance of the alternative biased estimators to the Almon estimator according to the prediction mean square error (PMSE) criterion under the target function. We use the Almon (1965) data to illustrate our theoretical results.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call