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DISTRIBUTION CHOICE UNDER NULL PRIORS AND SMALL SAMPLE SIZE

Paul A. Feldman, James Richardson () and Keith D. Schumann

No 20012, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Defining appropriate probability distributions for the variables in an economic model is an important and often arduous task. This paper evaluates the performance of several common probability distributions under different distributional assumptions when sample sizes are small and there is limited information about the data.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 13
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20012

DOI: 10.22004/ag.econ.20012

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