A simple one-sided test when the covariance matrix has non-negative eigenvectors

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2011

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Lu, Z.H.

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Working paper

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This paper proposes a simple, but somewhere most powerful test involving a one-sided hypothesis. Our test is constructed under an additional condition imposed on the covariance matrix of the restricted function. The imposed condition is shown to be guaranteed in the case of no more than two restrictions, as well as in other cases such as when every element of the covariance matrix is positive. Most importantly, we show that our test is unbiased and consistent whereas some other somewhere most powerful tests proposed in the literature are biased and inconsistent. We also compare the performance of our test with that of the Chi-bar squared (X2) test. Our results suggest that our test is more powerful than the X2 test under certain alternatives. We discuss an application of linear restrictions in linear models, including simulation studies.

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Copyright [2011] Zeng-Hua Lu. Not for distribution without permission of author.

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