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- W2040654887 abstract "Summary A novel proposal for combining forecast distributions is to use quantile regression to combine quantile estimates. We consider the usefulness of the resultant linear combining weights. If the quantile estimates are unbiased, then there is strong intuitive appeal for omitting the constant and constraining the weights to sum to unity in the quantile regression. However, we show that suppressing the constant renders one of the main attractive features of quantile regression invalid. We establish necessary and sufficient conditions for unbiasedness of a quantile estimate, and show that a combination with zero constant and weights that sum to unity is not necessarily unbiased." @default.
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- W2040654887 date "1998-04-01" @default.
- W2040654887 modified "2023-09-25" @default.
- W2040654887 title "Combining forecast quantiles using quantile regression: Investigating the derived weights, estimator bias and imposing constraints" @default.
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- W2040654887 doi "https://doi.org/10.1080/02664769823188" @default.
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