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Power in Econometric Applications Author info | Abstract | Publisher info | Download info | Related research | Statistics Donald W.K. Andrews () (Cowles Foundation, Yale University )
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This paper is concerned with the use of power properties of tests in econometric applications. Power radius and inverse power functions are defined. These functions are designed to yield summary measures of power that facilitate the interpretation of test results in practice. Simple approximations are introduced for the power radius and inverse power functions of Wald, likelihood ration, Lagrange multiplier, and Hausman tests. These approximations readily convey the general qualitative features of the power of a test. Examples are provided to illustrate their usefulness in interpreting test results.
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Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number
800.
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Length: 54 pages
Date of creation: Aug 1986Date of revision:
Publication status: Published in Econometrica (September 1989), 57(5): 1050-1090Handle: RePEc:cwl:cwldpp:800Note: CFP 737.Contact details of provider: Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA Phone: (203) 432-3702 Fax: (203) 432-6167 Web page: http://cowles.econ.yale.edu/ More information through EDIRC
Order Information: Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
For technical questions regarding this item, or to correct its listing, contact: (Glena Ames).
Keywords: Power function ; hypothesis tests ; inverse power function ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: McCloskey, Donald N, 1985.
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Donald W.K. Andrews, 1985.
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Other versions: Barro, Robert J, 1978.
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Mizon, Grayham E & Richard, Jean-Francois, 1986.
"The Encompassing Principle and Its Application to Testing Non-nested Hypotheses ,"
Econometrica ,
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Jose Burguete & A. Ronald Gallant & Geraldo Souza, 1982.
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Other versions: Lillard, Lee A & Aigner, Dennis J, 1984.
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[Downloadable!] (restricted) Donald W.K. Andrews, 1991.
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