A Geometric Approach to Confidence Sets for Ratios: Fieller's Theorem, Generalizations, and Bootstrap
From MaRDI portal
Publication:5325818
zbMATH Open1166.62017arXiv0711.0198MaRDI QIDQ5325818FDOQ5325818
Ulrike Von Luxburg, Volker H. Franz
Publication date: 24 July 2009
Abstract: We present a geometric method to determine confidence sets for the ratio E(Y)/E(X) of the means of random variables X and Y. This method reduces the problem of constructing confidence sets for the ratio of two random variables to the problem of constructing confidence sets for the means of one-dimensional random variables. It is valid in a large variety of circumstances. In the case of normally distributed random variables, the so constructed confidence sets coincide with the standard Fieller confidence sets. Generalizations of our construction lead to definitions of exact and conservative confidence sets for very general classes of distributions, provided the joint expectation of (X,Y) exists and the linear combinations of the form aX + bY are well-behaved. Finally, our geometric method allows to derive a very simple bootstrap approach for constructing conservative confidence sets for ratios which perform favorably in certain situations, in particular in the asymmetric heavy-tailed regime.
Full work available at URL: https://arxiv.org/abs/0711.0198
Bootstrap, jackknife and other resampling methods (62F40) Parametric tolerance and confidence regions (62F25) Nonparametric tolerance and confidence regions (62G15)
Cited In (4)
- The polar confidence curve for a ratio
- Two geometric representations of confidence intervals for ratios of linear combinations of regression parameters: an application to the NAIRU
- Inferential methods for elasticity estimates
- Inverting the indirect -- the ellipse and the boomerang: visualizing the confidence intervals of the structural coefficient from two-stage least squares
This page was built for publication: A Geometric Approach to Confidence Sets for Ratios: Fieller's Theorem, Generalizations, and Bootstrap
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5325818)
