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A Predictive Approach to the Random Effect Model

โœ Scribed by Seymour Geisser


Book ID
124279686
Publisher
Oxford University Press
Year
1974
Tongue
English
Weight
601 KB
Volume
61
Category
Article
ISSN
0006-3444

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We argue for the adoption of a predictive approach to model speciยฎcation. Speciยฎcally, we derive the dierence between means and the ratio of determinants of covariance matrices when a subset of explanatory variables is included or excluded from a regression. Results for an economic application are p