Pooling noisy data sets

MaRDI QIDQ4356796zbMATH OpenFDO

Authors Edward E. Leamer

Publication date 14 December 1997

zbMATH Keywords

convergence hypothesiseconomic datapooling Western and Easternsensitivity analysis

Mathematics Subject Classification ID

Bayesian inference (62F15) Linear regression; mixed models (62J05) Applications of statistics to economics (62P20)

Review text

This article proposes and illustrates an econometric method for pooling two noisy data sets. The pooled estimates depend on parameters measuring doubt about the prior, experimental contamination and structural similarity. Implicit or explicit reference must be made to these three concepts regardless of the method that is used to pool data. The explicit mathematical reference to these concepts in this paper is intended to facilitate the discussion about the assumptions that underlie a pooling exercise. The method is illustrated by a study of the determinants of the growth rates of developed and developing countries. These two data subsets yield estimates that are very similar, which makes the results not very sensitive to the form of pooling and which points toward low experimental bias and a high degree of similarity. For the entire collection see [Zbl 0844.00014].

Recommendations

• Some results on pooling
• Combining data from experiments that may be similar
• Pooling‐Based Data Interpolation and Backdating
• An efficient method of estimating the true value of a population characteristic from its discrepant estimates

Cited in

(3)

• Pooling data across markets in dynamic Markov games
• Pooling‐Based Data Interpolation and Backdating
• A sufficient condition for pooling data

This page was built for publication: Pooling noisy data sets

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4356796)