RANK-BASED ESTIMATION FOR COBB-DOUGLAS MODELLING IN THE PRESENCE OF OUTLIERS
Ordinary least square (OLS) has been widely used in estimating the Cobb-Douglas production function when analysing the empirical linkage between inputs and outputs. However, the estimates based on OLS technique may be biased by the presence of outliers. Rank-based regression estimation is resistant...
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| Format: | Article |
| Language: | English |
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iVolga Press
2018-06-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
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| Online Access: | https://rjoas.com/issue-2018-06/article_06.pdf |