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New Wald-Type Estimation Procedures for fitting Structural Measurement Error Model


 
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1. Title Title of document New Wald-Type Estimation Procedures for fitting Structural Measurement Error Model
 
2. Creator Author's name, affiliation, country Ro'ya AL Dibi'i; Universiti Sains Malaysia; Malaysia
 
2. Creator Author's name, affiliation, country Rosmanjawati Abdul Rahman; Universiti Sains Malaysia; Malaysia
 
2. Creator Author's name, affiliation, country Amjad Al-Nasser; Yarmouk University
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Measurement Error Models, Wald Estimator, Repetitive Estimator, Human Development Index, National Gross Domestic Product, Monte Carlo Simulation
 
4. Description Abstract

This article proposes a new estimation method to fit the structural regression model when the variables are subject to errors. The new estimation method is the extension of the Wald estimation method and involves iterative process. Several Monte Carlo simulation experiments were used to study the performance of the proposed estimators. The results were compared with the classical Wald estimation method in terms of its root mean square error (RMSE). In addition, an application for examining the relationships between Jordan’s national gross domestic product (GDP) and its human development index (HDI) was presented. Numerical results showed that the GDP and HDI have a strong positive and significant correlation. Moreover, the proposed procedures with different subgroup sizes (r =3 and r =4) gave more accurate estimators than the classical estimation methods in fitting the relationships between GDP and HDI.

 
5. Publisher Organizing agency, location Coordinamento SIBA - Università del Salento
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2023-10-18
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format pdf
 
10. Identifier Uniform Resource Identifier http://siba-ese.unisalento.it/index.php/ejasa/article/view/26926
 
10. Identifier Digital Object Identifier 10.1285/i20705948v16n2p487
 
11. Source Publication/conference title; vol., no. (year) Electronic Journal of Applied Statistical Analysis; Vol 16, No 2 (2023): Electronic Journal of Applied Statistical Analysis
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
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