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- W1520356737 abstract "Disputes about econometric methodology partly reflect a lack of evidence on alternative approaches. We reconsider econometric model selection from a computer-automation perspective, focusing on general-to-specific reductions, embodied in PcGets. Starting from a general congruent model, standard testing procedures eliminate statistically-insignificant variables, with diagnostic tests checking the validity of reductions, ensuring a congruent final selection. Since jointly selecting and diagnostic testing has eluded theoretical analysis, we study modelling strategies by simulation. The Monte Carlo experiments show that PcGets recovers the DGP specification from a general model with size and power close to commencing from the DGP itself." @default.
- W1520356737 created "2016-06-24" @default.
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- W1520356737 date "2000-08-01" @default.
- W1520356737 modified "2023-09-27" @default.
- W1520356737 title "Computer Automation of General-to-Specific Model Selection Procedures" @default.
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