南方科技大学知识苑(SUSTech KC): A General Inferential Framework for Singly-Truncated Bivariate Normal Models with Applications in Economics

题名	A General Inferential Framework for Singly-Truncated Bivariate Normal Models with Applications in Economics
作者	Liu，Yin 1; Tian，Guo Liang2 ; Zhang，Chi 3; Qin，Hong 1
通讯作者	Zhang，Chi
发表日期	2024
DOI	10.1007/s10614-023-10525-w
发表期刊	Computational Economics 影响因子和分区
ISSN	0927-7099
EISSN	1572-9974
摘要	To analyze the singly-truncated bivariate economic data, we establish a class of singly-truncated bivariate normal distributions via stochastically representing the original bivariate normal random vector as a mixture of the singly-truncated part and its complementary components. Aided with the stochastic representaion, we creatively construct two novel unified and simple algorithms—the expectation–maximization algorithm as well as the minorization–maximization algorithm—to calculate the maximum likelihood estimates of the means and covariance matrix for the model of interest. In addition, we also develop a DA algorithm for posterior sampling in Bayesian analysis. Both simulation results and two real data applications in economics, collaborated by comparisons with existing methods, demonstrate the effectiveness and stability of proposed methodologies.
关键词	Economic index EM algorithm MM algorithm Singly-truncated bivariate normal distribution Stochastic representation Truncated data
相关链接	[Scopus记录]
收录类别	SCI ; SSCI
语种	英语
学校署名	其他
Scopus记录号	2-s2.0-85182712462
来源库	Scopus
引用统计
成果类型	期刊论文
条目标识符	http://sustech.caswiz.com/handle/2SGJ60CL/701850
专题	理学院_统计与数据科学系
作者单位	1.School of Statistics and Mathematics,Zhongnan University of Economics and Law,Wuhan City,Hubei Province,China 2.Department of Statistics and Data Science,Southern University of Science and Technology,Shenzhen City,Guangdong Province,China 3.College of Economics,Shenzhen University,Shenzhen City,Guangdong Province,China
推荐引用方式 GB/T 7714	Liu，Yin,Tian，Guo Liang,Zhang，Chi,et al. A General Inferential Framework for Singly-Truncated Bivariate Normal Models with Applications in Economics[J]. Computational Economics,2024.
APA	Liu，Yin,Tian，Guo Liang,Zhang，Chi,&Qin，Hong.(2024).A General Inferential Framework for Singly-Truncated Bivariate Normal Models with Applications in Economics.Computational Economics.
MLA	Liu，Yin,et al."A General Inferential Framework for Singly-Truncated Bivariate Normal Models with Applications in Economics".Computational Economics (2024).