Flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA)

Teodosio Perez-Amaral (), Giampiero M. Gallo () and Halbert White
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Teodosio Perez-Amaral: Departamento de Analisis Economico, Universidad Complutense de Madrid. 28223 Madrid, Spain

Documentos del Instituto Complutense de Análisis Económico from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: A new method, called Relevant Transformation of the Inputs Network Approach (RETINA) isproposed as a tool for model building. It is designed around flexibility (with nonlinear transformations of the predictors of interest), selective search within the range of possible models, out-of-sample forecasting ability and computational simplicity. In tests on simulated data, it shows both a high rate of successful retrieval of the DGP which increases with the sample size and a good performance relative to other alternative procedures. A telephone service demand model is built to show how the procedure applies on real data.

Date: 2003
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Related works:
Working Paper: A flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA) (2002)
Working Paper: A Flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA) (2003)
Journal Article: A Flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA) (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:ucm:doicae:0309

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