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- W2506911869 abstract "We propose a quasi–maximum likelihood estimator for the location parameters of a linear regression model with bounded and symmetrically distributed errors. The error outcomes are restated as the convex combination of the bounds, and we use the method of maximum entropy to derive the quasi–log likelihood function. Under the stated model assumptions, we show that the proposed estimator is unbiased, consistent, and asymptotically normal. We then conduct a series of Monte Carlo exercises designed to illustrate the sampling properties of the quasi–maximum likelihood estimator relative to the least squares estimator. Although the least squares estimator has smaller quadratic risk under normal and skewed error processes, the proposed QML estimator dominates least squares for the bounded and symmetric error distribution considered in this paper." @default.
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- W2506911869 date "2004-05-19" @default.
- W2506911869 modified "2023-09-24" @default.
- W2506911869 title "QUASI–MAXIMUM LIKELIHOOD ESTIMATION WITH BOUNDED SYMMETRIC ERRORS" @default.
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- W2506911869 doi "https://doi.org/10.1016/s0731-9053(03)17006-5" @default.
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