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Testing for differences in predictive accuracy.
Author(s):
1. Eva Ferreiral: Departamento de Economia Aplicada III, Univ. del Pais Vasco, Bilbao, Spain
2. Winfried Stute: Mathematical Institute, University of Giessen, Arndtstr. 2, D-35392 Giessen, Germany
Abstract:
In this paper we provide new tests for the difference in predictive accuracy of two prognostic factors X1 and X2 on a common output Y. Given a set of independent replicates of (X1,X2,Y), we split this sample into a learning part for estimating the Unknown regression functions, and a validation part for which the residuals need to be computed. We show that the null distributions of our test statistics may be approximated by a normal. In simulations, the power is promising already for small to moderate sample sizes. Extensions to the time series context are briefly outlined.
Page(s): 403-417
DOI: DOI not available
Published: Journal: Pakistan Journal of Statistics, Volume: 25, Issue: 4, Year: 2009
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