Selection criteria for overlapping binary models-a simulation study

Aparicio, Teresa ; Villanua, Inmaculada (Universidad de Zaragoza)

Resumen: This paper deals with the problem of choosing the optimum criterion for selecting the best model out of a set of overlapping binary models. The criteria we studied were the well-known AIC and SBIC, and a third one called C-2. Special attention was paid to the setting where neither of the competing models was correctly specified. This situation has not been studied very much but it is the most common case in empirical works. The theoretical study we carried out allowed us to conclude that, in general terms, all criteria perform well. A Monte Carlo exercise corroborated those results.

Idioma: Inglés

DOI: 10.3390/math10030478

Año: 2022

Publicado en: Mathematics 10, 3 (2022), 478 [15 pp.]
ISSN: 2227-7390

Factor impacto JCR: 2.4 (2022)

Categ. JCR: MATHEMATICS rank: 23 / 329 = 0.07 (2022) - Q1 - T1

Factor impacto CITESCORE: 3.5 - Engineering (Q2) - Mathematics (Q1) - Computer Science (Q2)

Factor impacto SCIMAGO: 0.446 - Computer Science (miscellaneous) (Q2) - Mathematics (miscellaneous) (Q2) - Engineering (miscellaneous) (Q2)

Financiación: info:eu-repo/grantAgreement/ES/AEI/PID2019-106822RB-I00
Financiación: info:eu-repo/grantAgreement/ES/DGA/S40-20R

Tipo y forma: Article (Published version)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)