Table 1.
π | τ | Estimators | n = 200 | n = 400 | ||||
---|---|---|---|---|---|---|---|---|
|
|
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Bias | SE | MSE | Bias | SE | MSE | |||
0.00 | 0.25 | β̂(0)(τ) | −0.033 | 0.297 | 0.089 | −0.047 | 0.184 | 0.036 |
β̂(1)(τ) | −0.087 | 0.511 | 0.269 | 0.032 | 0.346 | 0.121 | ||
β̂(2)(τ) | 0.022 | 0.308 | 0.095 | 0.002 | 0.176 | 0.031 | ||
0.50 | β̂(0)(τ) | −0.026 | 0.226 | 0.052 | −0.020 | 0.108 | 0.012 | |
β̂(1)(τ) | −0.054 | 0.356 | 0.129 | 0.009 | 0.234 | 0.055 | ||
β̂(2)(τ) | 0.021 | 0.243 | 0.059 | −0.001 | 0.125 | 0.016 | ||
| ||||||||
0.50 | 0.25 | β̂(0)(τ) | −0.023 | 0.254 | 0.065 | −0.030 | 0.174 | 0.031 |
β̂(1)(τ) | −0.062 | 0.481 | 0.236 | 0.011 | 0.334 | 0.112 | ||
β̂(2)(τ) | 0.005 | 0.260 | 0.068 | −0.008 | 0.169 | 0.029 | ||
0.50 | β̂(0)(τ) | −0.014 | 0.142 | 0.020 | −0.012 | 0.115 | 0.013 | |
β̂(1)(τ) | −0.034 | 0.319 | 0.103 | 0.000 | 0.231 | 0.053 | ||
β̂(2)(τ) | 0.008 | 0.167 | 0.028 | −0.009 | 0.123 | 0.015 | ||
| ||||||||
1.00 | 0.25 | β̂(0)(τ) | −0.048 | 0.287 | 0.084 | −0.035 | 0.191 | 0.038 |
β̂(1)(τ) | −0.046 | 0.582 | 0.341 | −0.019 | 0.365 | 0.133 | ||
β̂(2)(τ) | 0.016 | 0.286 | 0.082 | 0.010 | 0.191 | 0.036 | ||
0.50 | β̂(0)(τ) | −0.027 | 0.168 | 0.029 | −0.014 | 0.123 | 0.015 | |
β̂(1)(τ) | −0.028 | 0.353 | 0.125 | −0.009 | 0.253 | 0.064 | ||
β̂(2)(τ) | 0.014 | 0.203 | 0.041 | 0.001 | 0.128 | 0.016 | ||
| ||||||||
πeff | 0.25 | β̂(0)(τ) | −0.044 | 0.198 | 0.041 | −0.045 | 0.154 | 0.026 |
β̂(1)(τ) | 0.039 | 0.389 | 0.153 | −0.090 | 0.304 | 0.100 | ||
β̂(2)(τ) | −0.036 | 0.176 | 0.032 | 0.078 | 0.130 | 0.023 | ||
0.50 | β̂(0)(τ) | 0.010 | 0.136 | 0.019 | −0.009 | 0.091 | 0.008 | |
β̂(1)(τ) | 0.067 | 0.263 | 0.073 | −0.085 | 0.210 | 0.051 | ||
β̂(2)(τ) | −0.076 | 0.124 | 0.021 | 0.041 | 0.100 | 0.012 |