Nearly weighted risk minimal unbiased estimation

A-Tier
Journal: Journal of Econometrics
Year: 2019
Volume: 209
Issue: 1
Pages: 18-34

Authors (2)

Müller, Ulrich K. (not in RePEc) Wang, Yulong (Syracuse University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Consider a small-sample parametric estimation problem, such as the estimation of the coefficient in a Gaussian AR(1). We develop a numerical algorithm that determines an estimator that is nearly (mean or median) unbiased, and among all such estimators, comes close to minimizing a weighted average risk criterion. We also apply our generic approach to the median unbiased estimation of the degree of time variation in a Gaussian local-level model, and to a quantile unbiased point forecast for a Gaussian AR(1) process.

Technical Details

RePEc Handle
repec:eee:econom:v:209:y:2019:i:1:p:18-34
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-29