Paper Title :The Frontier of Estimation in Consumption Computing: Evidence from Asean-5 Countries
Author :Chukiat Chaiboonsri, Satawat Wannapan
Article Citation :Chukiat Chaiboonsri ,Satawat Wannapan ,
(2018 ) " The Frontier of Estimation in Consumption Computing: Evidence from Asean-5 Countries " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 27-32,
Volume-4,Issue-12
Abstract : The purpose to compare the parametric estimation between the Maximum Likelihood Estimator (MLE) and
James-Stein Estimator (JSE) is econometrically conducted in this paper. For the methodological terms, the processes in this
paper are divided into two sections. Firstly, the experimental part to compare the MLE and JSE for seeking the best fit
estimator. This section employs the observations simulated by the bootstrapping approach. For the second process, it is the
real econometric application, which collected the variables of consumptions in ASEAN-5 (Thailand, Singapore, Philippines,
Malaysia, and Indonesia) to confirm the estimator selected from the former section can be applied in reality. Empirically, the
results represented that the JSE is better than the MLE, especially in the case of factor-dimensions increasing. These results
are supported by the testing of symmetrical distributions and graphical presentations. Consequently, this is undeniable that
the JSE will be the big challenge to trustworthily convince economists for realizing the traditional way are not always fitted
for real economic data in the upcoming future.
Keywords - Consumptions, ASEAN-5, James-Stein Estimator (JSE), Maximum Likelihood Estimator (MLE)
Type : Research paper
Published : Volume-4,Issue-12
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-14597
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Copyright: © Institute of Research and Journals
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Published on 2019-03-05 |
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