A flexible tool for model building: the Relevant Transformation of the Inputs Network Approach (RETINA)

Article Abstract:

The article introduces a tool for model building that incorporates flexibility, selective search within possible model ranges, computational simplicity, and out-of-sample forecasting capability. The tool, Relevant Transformation of the Inputs Network Approach, is applied to telephone service demand as an illustration.

United States, Spain, Design and construction, Econometric models

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Tax discounting in a high-debt economy

Article Abstract:

The high debt countries like Belgium and Italy were found evidence of tax discounting, where tax discounting seems to be time varying and increasing with the debt ratio. Whether the debt situation in a country affects the degree of tax discounting is discussed.

Public Finance Activities, Forecasts, trends, outlooks, Tax Administration, Belgium, Analysis, Economic aspects, Forecasts and trends, Tax administration and procedure, Market trend/market analysis, Debt, Taxation

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The Power of Lambda Max

Article Abstract:

The best known ratio cointegration rank test and the 'lamda max' test in vector autoregressive models are compared, and found to be both admissible because neither dominates the other.

Statistical Data Included, Testing, Estimation theory, Ranking and selection (Statistics)

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