
In different fields of applications including, but not limited to, behavioral, environmental, medical sciences, and econometrics, the use of panel data regression models has become increasingly popular as a general framework for making meaningful statistical inferences. However, when the ordinary least squares (OLS) method is used to estimate the model parameters, presence of outliers may significantly alter the adequacy of such models by producing biased and inefficient estimates. In this work, we propose a new, weighted likelihood based robust estimation procedure for linear panel data models with fixed and random effects. The finite sample performances of the proposed estimators have been illustrated through an extensive simulation study as well as with an application to blood pressure dataset. Our thorough study demonstrates that the proposed estimators show significantly better performances over the traditional methods in the presence of outliers and produce competitive results to the OLS based estimates when no outliers are present in the dataset.
FOS: Computer and information sciences, weighted likelihood, Likelihood Functions, Models, Statistical, fixed effects, robust estimation, Applications of statistics to biology and medical sciences; meta analysis, panel data, Methodology (stat.ME), least squares, Research Design, Linear Models, Humans, random effects, Computer Simulation, Least-Squares Analysis, Statistics - Methodology
FOS: Computer and information sciences, weighted likelihood, Likelihood Functions, Models, Statistical, fixed effects, robust estimation, Applications of statistics to biology and medical sciences; meta analysis, panel data, Methodology (stat.ME), least squares, Research Design, Linear Models, Humans, random effects, Computer Simulation, Least-Squares Analysis, Statistics - Methodology
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
