A Simple Correction for Local Misspecification

Chris D. Orme

doi:10.1111/j.1467-8586.1986.tb00213.x

A Simple Correction for Local Misspecification

Chris D. Orme

Economics

University of York

Research output: Contribution to journal › Article › peer-review

Abstract

In this note a method of updating, or correcting, ML estimates is outlined1 when departures from the assumed model are detected but believed to be small. These corrections have a particular simple regression interpretation and are thus easily obtained from standard regression packages by the applied worker. Inferences may also be drawn based on the same regression.

Original language	English
Pages (from-to)	177-181
Number of pages	5
Journal	Bulletin of Economic Research
Volume	38
Issue number	2
DOIs	https://doi.org/10.1111/j.1467-8586.1986.tb00213.x
Publication status	Published - 1986

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title = "A Simple Correction for Local Misspecification",

abstract = "In this note a method of updating, or correcting, ML estimates is outlined1 when departures from the assumed model are detected but believed to be small. These corrections have a particular simple regression interpretation and are thus easily obtained from standard regression packages by the applied worker. Inferences may also be drawn based on the same regression.",

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AB - In this note a method of updating, or correcting, ML estimates is outlined1 when departures from the assumed model are detected but believed to be small. These corrections have a particular simple regression interpretation and are thus easily obtained from standard regression packages by the applied worker. Inferences may also be drawn based on the same regression.

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DO - 10.1111/j.1467-8586.1986.tb00213.x

M3 - Article

SN - 1467-8586

VL - 38

SP - 177

EP - 181

JO - Bulletin of Economic Research

JF - Bulletin of Economic Research

IS - 2

ER -

A Simple Correction for Local Misspecification

Abstract

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