The statistical properties of the equity estimator: A reply

Lakshman Krishnamurthi, Arvind Rangaswamy

Research output: Contribution to journalArticle

Abstract

Hill and Cartwright examined the relative performance of ordinary least squares, the Equity estimator, and the Stein estimator on four scanner data sets. Based on this limited simulation, they claimed that the Stein estimator is an attractive alternative to the Equity estimator, in this reply, we demonstrate that their conclusions are not well founded and that a more comprehensive evaluation indicates that the Equity estimator dominates the Stein estimator in wide regions of the parameter space.

Original languageEnglish (US)
Pages (from-to)149-153
Number of pages5
JournalJournal of Business and Economic Statistics
Volume12
Issue number2
DOIs
StatePublished - Apr 1994

All Science Journal Classification (ASJC) codes

  • Statistics and Probability
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty

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