Journal article
Encompassing and Specificity.
- Abstract:
-
A model M is said to encompass another model N if the former can explain the results obtained by the latter. In this paper, we propose a general notion of encompassing that covers both classical and Bayesian viewpoints and essentially represents a concept of sufficiency among models. We introduce the parent notion of specificity that aims at measuring lack of encompassing. Tests for encompassing are discussed and the test statistics are compared to Bayesian posterior odds. Operational approximations are offered to cover situations where exact solutions cannot be obtained.
- Publication status:
- Published
- Peer review status:
- Not peer reviewed
Actions
Access Document
- Files:
-
-
(Preview, Author's original, pdf, 244.5KB, Terms of use)
-
- Publisher copy:
- 10.1017/S0266466600006964
Authors
- Publisher:
- Cambridge University Press
- Journal:
- Econometric Theory More from this journal
- Volume:
- 12
- Issue:
- 4
- Pages:
- 620 - 656
- Publication date:
- 1996-10-01
- DOI:
- ISSN:
-
0266-4666
- Language:
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English
- UUID:
-
uuid:791eae14-b8b4-4088-9756-716951d68867
- Local pid:
-
oai:economics.ouls.ox.ac.uk:10416
- Deposit date:
-
2011-08-16
Terms of use
- Copyright holder:
- Cambridge University Press
- Copyright date:
- 1996
- Notes:
- © 1996 Cambridge University Press.
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