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- W4378575515 abstract "The beta regression model (BRM) is used when the dependent variable may take continuous values and be bounded in the interval (0, 1), such as rates, proportions, percentages and fractions. Generally, the parameters of the BRM are estimated by the method of maximum likelihood estimation (MLE). However, the MLE does not offer accurate and reliable estimates when the explanatory variables in the BRM are correlated. To solve this problem, the ridge and Liu estimators for the BRM were proposed by different authors. In the current study, the James Stein Estimator (JSE) for the BRM is proposed. The matrix mean squared error (MSE) and the scalar MSE properties are derived and then compared to the available ridge estimator, Liu estimator and MLE. The performance of the proposed estimator is evaluated by conducting a simulation experiment and analyzing two real-life applications. The MSE of the estimators is considered as a performance evaluation criterion. The findings of the simulation experiment and applications indicate the superiority of the suggested estimator over the competitive estimators for estimating the parameters of the BRM." @default.
- W4378575515 created "2023-05-28" @default.
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- W4378575515 date "2023-05-27" @default.
- W4378575515 modified "2023-10-17" @default.
- W4378575515 title "James Stein Estimator for the Beta Regression Model with Application to Heat-Treating Test and Body Fat Datasets" @default.
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- W4378575515 doi "https://doi.org/10.3390/axioms12060526" @default.
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