Grouping tests for misspecification:An application to housing demand

Greenlees J.S. and Zieschang K.D. (1984) Grouping tests for misspecification:An application to housing demand. Journal of Business and Economic Statistics, 2 2: 159-169. doi:10.1080/07350015.1984.10509384


Author Greenlees J.S.
Zieschang K.D.
Title Grouping tests for misspecification:An application to housing demand
Journal name Journal of Business and Economic Statistics   Check publisher's open access policy
ISSN 1537-2707
Publication date 1984
Sub-type Article (original research)
DOI 10.1080/07350015.1984.10509384
Volume 2
Issue 2
Start page 159
End page 169
Total pages 11
Subject 2613 Statistics and Probability
2002 Cultural Studies
1804 Statistics, Probability and Uncertainty
3301 Social Sciences (miscellaneous)
Abstract We consider several grouping tests for regression misspecification, with reference to housing- demand function estimation. We compare three existing test procedures, demonstrate modifications necessary in most applications, and propose a fourth test to distinguish between two categories of potential specification error. The test procedures are evaluated in artificial simulations of alternative errors. Finally, we apply the tests to FHA home purchase data. We reject the hypothesis that household and grouped regressions differ only by sampling error or random mismeasurement of household income or price. Our results have implications for choices among test procedures and interpretations of previous housing-demand analysis.
Keyword Aggregation bias
Errors-in-variables
Housing demand
Specification error tests
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
 
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Created: Fri, 11 Mar 2016, 11:00:23 EST by Anthony Yeates