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Statistical validation of functional form in multiple regression using R

Haupt, Harry ; Schnurbus, Joachim ; Tschernig, Rolf


Abstract

In applied statistical research the practitioner frequently faces the problem that there neither is clear guidance from grounds of theoretical reasoning nor exists empirical (meta) evidence on the choice of functional form of a tentative regression model. Thus, parametric modeling resulting in a parametric benchmark model may easily miss important features of the data. Using recently advanced ...

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