Experiment | OLSU | OLSRT | ROLS | LADRT | RR | RMLE | Correct value of q |
Panel 1. Mean of estimate | |||||||
Basic case | 0.3979 | 0.3970 | 0.3982 | 0.3982 | 0.3981 | 0.3989 | 0.4000 |
High r (0.10) | 0.3979 | 0.3970 | 0.3982 | 0.3982 | 0.3981 | 0.3989 | 0.4000 |
Low r (0.02) | 0.3979 | 0.3970 | 0.3982 | 0.3982 | 0.3981 | 0.3989 | 0.4000 |
High g (0.08) | 0.3972 | 0.3970 | 0.3985 | 0.3981 | 0.3974 | 0.3976 | 0.4000 |
Low g (0.02) | 0.3995 | 0.3970 | 0.3981 | 0.3983 | 0.3995 | 0.4034 | 0.4000 |
High q (0.60) | 0.5983 | 0.5981 | 0.5935 | 0.5981 | 0.5984 | 0.5978 | 0.6000 |
Low q (0.20) | 0.2032 | 0.1994 | 0.2044 | 0.1969 | 0.2040 | 0.2054 | 0.2000 |
High RAND (20) | 0.4111 | 0.4002 | 0.3993 | 0.3956 | 0.4112 | 0.4180 | 0.4000 |
Low RAND (5) | 0.4031 | 0.4010 | 0.4005 | 0.4018 | 0.4032 | 0.4042 | 0.4000 |
Panel 2. Variation coefficient | |||||||
Basic case | 0.0749 | 0.0441 | 0.0470 | 0.0551 | 0.0747 | 0.1008 | |
High r (0.10) | 0.0749 | 0.0441 | 0.0470 | 0.0551 | 0.0747 | 0.1016 | |
Low r (0.02) | 0.0749 | 0.0441 | 0.0470 | 0.0551 | 0.0747 | 0.1003 | |
High g (0.08) | 0.0877 | 0.0484 | 0.0522 | 0.0581 | 0.0876 | 0.1000 | |
Low g (0.02) | 0.0688 | 0.0422 | 0.0446 | 0.0529 | 0.0687 | 0.1227 | |
High q (0.60) | 0.0349 | 0.0135 | 0.0137 | 0.0206 | 0.0349 | 0.0577 | |
Low q (0.20) | 0.3014 | 0.2197 | 0.2278 | 0.2501 | 0.2990 | 0.3417 | |
High RAND (20) | 0.1398 | 0.0854 | 0.0915 | 0.0972 | 0.1396 | 0.1900 | |
Low RAND (5) | 0.0323 | 0.0232 | 0.0259 | 0.0284 | 0.0322 | 0.0426 | |
Panel 3. Mean absolute error | |||||||
Basic case | 0.0237 | 0.0143 | 0.0150 | 0.0173 | 0.0237 | 0.0312 | |
High r (0.10) | 0.0237 | 0.0143 | 0.0150 | 0.0173 | 0.0237 | 0.0314 | |
Low r (0.02) | 0.0237 | 0.0143 | 0.0150 | 0.0173 | 0.0237 | 0.0310 | |
High g (0.08) | 0.0279 | 0.0154 | 0.0165 | 0.0184 | 0.0279 | 0.0315 | |
Low g (0.02) | 0.0218 | 0.0137 | 0.0142 | 0.0166 | 0.0218 | 0.0386 | |
High q (0.60) | 0.0169 | 0.0067 | 0.0083 | 0.0101 | 0.0169 | 0.0275 | |
Low q (0.20) | 0.0476 | 0.0354 | 0.0386 | 0.0389 | 0.0474 | 0.0537 | |
High RAND (20) | 0.0489 | 0.0283 | 0.0297 | 0.0304 | 0.0488 | 0.0671 | |
Low RAND (5) | 0.0106 | 0.0074 | 0.0080 | 0.0095 | 0.0106 | 0.0142 |