Minimum risk point estimation of Gini index
From MaRDI portal
Abstract: This paper develops a theory and methodology for estimation of Gini index such that both cost of sampling and estimation error are minimum. Methods in which sample size is fixed in advance, cannot minimize estimation error and sampling cost at the same time. In this article, a purely sequential procedure is proposed which provides an estimate of the sample size required to achieve a sufficiently smaller estimation error and lower sampling cost. Characteristics of the purely sequential procedure are examined and asymptotic optimality properties are proved without assuming any specific distribution of the data. Performance of our method is examined through extensive simulation study.
Recommendations
- Three-stage minimum risk point estimation with termination defined via Gini's mean difference
- ESTIMATION OF GINI-INDEX FROM CONTINUOUS DISTRIBUTION BASED ON RANKED SET SAMPLING
- A Note on Minimum Risk Point Estimation of the Shape Parameter of a Pareto Distribution
- scientific article; zbMATH DE number 5721753
- Estimation of Gini index of the Pareto distribution
Cites work
- A Class of Statistics with Asymptotically Normal Distribution
- Distribution-Free Statistical Inference with Lorenz Curves and Income Shares
- Finite Mixture Distributions, Sequential Likelihood and the EM Algorithm
- Functional jackknifing: Rationality and general asymptotics
- scientific article; zbMATH DE number 6096290 (Why is no real title available?)
- scientific article; zbMATH DE number 3155182 (Why is no real title available?)
- scientific article; zbMATH DE number 3854239 (Why is no real title available?)
- scientific article; zbMATH DE number 3934259 (Why is no real title available?)
- scientific article; zbMATH DE number 3176450 (Why is no real title available?)
- scientific article; zbMATH DE number 47948 (Why is no real title available?)
- scientific article; zbMATH DE number 51379 (Why is no real title available?)
- scientific article; zbMATH DE number 3549966 (Why is no real title available?)
- scientific article; zbMATH DE number 1461225 (Why is no real title available?)
- scientific article; zbMATH DE number 1373656 (Why is no real title available?)
- scientific article; zbMATH DE number 3085434 (Why is no real title available?)
- On the Non-Existence of Tests of "Student's" Hypothesis Having Power Functions Independent of \sigma
- Reliable inference for the Gini index
- Sequential Estimation of Dynamic Discrete Games
- Sequential Methods and Their Applications
- Sequential point estimation of the mean when the distribution is unspecified
- Statistical Inference for Stochastic Dominance and for the Measurement of Poverty and Inequality
- Stopped Random Walks
- The Gini methodology. A primer on a statistical methodology.
- Two-Stage Fixed-Width Confidence Intervals for a Normal Mean in the Presence of Suspect Outliers
- U-Statistics and Their Asymptotic Results for Some Inequality and Poverty Measures
Cited in
(5)- EDA on the asymptotic normality of the standardized sequential stopping times. II: Distribution-free models
- Three-stage minimum risk point estimation with termination defined via Gini's mean difference
- Minimum cost‐compression risk in principal component analysis
- Comparison of Gini indices using sequential approach: Application to the U.S. Small Business Administration data
- Generalised income inequality index
This page was built for publication: Minimum risk point estimation of Gini index
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1698212)
