Bayesian Tobit Quantile Regression Model Using Four Level Prior Distributions
DOI:
https://doi.org/10.33095/jeas.v24i105.59Keywords:
النموذج الهرمي البيزي ، معلمتي التنظيم ., Bayesian Tobit hierarchical model , tuning parameterAbstract
Abstract:
In this research we discussed the parameter estimation and variable selection in Tobit quantile regression model in present of multicollinearity problem. We used elastic net technique as an important technique for dealing with both multicollinearity and variable selection. Depending on the data we proposed Bayesian Tobit hierarchical model with four level prior distributions . We assumed both tuning parameter are random variable and estimated them with the other unknown parameter in the model .Simulation study was used for explain the efficiency of the proposed method and then we compared our approach with (Alhamzwi 2014 & standard QR) .The result illustrated that our approach was outperformed.
This is the first work that suggested Bayesian hierarchical model with four level prior distribution in estimating and variable selection for TQR model.
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