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Validating a selection test, a predictive probability approach

โœ Scribed by A. L. Gross; P. Perry


Book ID
112726652
Publisher
Springer
Year
1983
Tongue
English
Weight
21 KB
Volume
48
Category
Article
ISSN
0033-3123

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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