Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
November 2000, Syracuse Department Of Economics
November 2000, Syracuse Department Of Economics
Economics - All Scholarship
No abstract provided.
April 2000, Syracuse Department Of Economics
April 2000, Syracuse Department Of Economics
Economics - All Scholarship
No abstract provided.
Multiple Comparisons With The Best, With Economic Applications, William C. Horrace, Peter Schmidt
Multiple Comparisons With The Best, With Economic Applications, William C. Horrace, Peter Schmidt
Economics - All Scholarship
In this paper we discuss a statistical method called multiple comparisons with the best, or MCB. Suppose that we have N populations, and population i has parameter value θi. Let $\theta _{(N)}={\rm max}_{i=1,\ldots ,N}\theta _{i}$\nopagenumbers\end, the parameter value for the ‘best’ population. Then MCB constructs joint confidence intervals for the differences $[\theta _{(N)}-\theta _{1},\theta _{(N)}-\theta _{2},\ldots ,\theta _{(N)}-\theta _{N}]$\nopagenumbers\end. It is not assumed that it is known which population is best, and part of the problem is to say whether any population is so identified, at the given confidence level. This paper is meant to introduce MCB …