Ordinary and Proper Location M-Estimates for ARMA Models. Revised.
Abstract
Proper location M-estimates for a model with non-Gaussian autoregressive-moving average type errors are genuine maximum likelihood type estimates, whereas ordinary location M-estimates are those introduced by P. Huber for independent and identically distributed errors. The relative behavior of ordinary location M-estimates and proper location M-estimates is studied for situations with dependent errors of purely autoregressive and purely moving average type. It is shown through asymptotic calculations and finite-sample size Monte Carlo studies that although ordinary location M-estimates are adequate for weak dependency structure, they can be quite inefficient compared with proper M-estimates of location when the non-Gaussian errors have a moderate to strong dependency structure. Additional keywords: Asymptotic normality; Efficiency; Equations. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1984
- Accession Number
- ADA149705
Entities
People
- C. H. Lee
- R. D. Martin
Organizations
- University of Washington