The receiver operating characteristics (ROC) curve is a standard statistical tool to characterize the accuracy of diagnostic tests when test results are continuous. It provides a complete description of test performance and a meaningful way to compare the performances of different tests. The empirical (nonparametric) ROC curve is the most popular estimator of the ROC curve. Semiparametric estim...

We review the asymptotic theory for standard errors in classical ordinary least squares (OLS) inverse or parameter estimation problems involving general nonlinear dynamical systems where sensitivity matrices can be used to compute the asymptotic covariance matrices. We discuss possible pitfalls in computing standard errors in regions of low parameter sensitivity and/or near a steady state solut...

This paper is concerned with parameter estimation and inference in a cointegrating regression, where as usual endogenous regressors as well as serially correlated errors are considered. We propose a simple, new estimation method based on an augmented partial sum (integration) transformation of the regression model. The new estimator is labelled Integrated Modi…ed Ordinary Least Squares (IM-OLS)...

productivity shocks are one of the most important factors that influence the firms ‘ decisions on he optimal consumption of production inputs. unobservable productivity shocks create selection and simultaneity problems causing biased estimates of production function by ordinary least squares. however, to estimate coefficients associated with production function by levinsohn and petrin technique...

This paper examines improved regression methods for the linear multivariable measurement error model MEM when the data su ers from collinearity The di culty collinearity presents for reliable estimation is discussed and a systematic procedure signi cance regression SR MEM is developed to address collinearity In addition to mitigating collinearity di culties SR MEM produces asymptotically un bia...

Using recently developed panel unit root and panel cointegration tests and the FullyModified OLS (FMOLS) methodology, this paper estimates the impact of remittances on the economic growth of selected upper and lower income Latin American & Caribbean countries. Despite a large flow of remittances to the region, there have been relatively few empirical studies assessing the impact of remittances ...

This article proposes and evaluates a method to test for mediation in multilevel data sets formed when an intervention administered to intact groups is designed to produce change in individual mediator and outcome variables. Simulated data of this form were used to compare ordinary least squares (OLS) and two multilevel estimators of the mediated effect. OLS and multilevel standard error approx...