Journal article
Using model selection algorithms to obtain reliable coefficient estimates.
- Abstract:
-
This review surveys a number of common model selection algorithms (MSAs), discusses how they relate to each other and identifies factors that explain their relative performances. At the heart of MSA performance is the trade-off between type I and type II errors. Some relevant variables will be mistakenly excluded, and some irrelevant variables will be retained by chance. A successful MSA will find the optimal trade-off between the two types of errors for a given data environment. Whether a gi...
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- Publisher copy:
- 10.1111/j.1467-6419.2011.00704.x
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Authors
Bibliographic Details
- Journal:
- Journal of Economic Surveys
- Publication date:
- 2011-01-01
- DOI:
- URN:
-
uuid:cc9799ce-dba1-4e86-aeab-29cf637102d7
- Local pid:
- oai:economics.ouls.ox.ac.uk:15213
Item Description
- Language:
- English
Terms of use
- Copyright date:
- 2011
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