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

Teodosio Pérez-Amaral, Giampiero Gallo () and Halbert White

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

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.

Keywords: Relevant Transformation of the Inputs Network Approach (RETINA); Economics models (search for similar items in EconPapers)
Pages: 23 pages
Date: 2003
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Citations: View citations in EconPapers (2)

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Journal Article: A Flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA)* (2003)
Working Paper: A Flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA) (2003)
Working Paper: A flexible Tool for Model Building: the Relevant Transformation of the Inputs Network Approach (RETINA) (2002)
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