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Bayesian estimation of manufacturing effects in a fuel economy model.

Authors :
Andrews, R. W.
Berger, J. O.
Smith, M. H.
Source :
Journal of Applied Econometrics; Dec1993, Vol. 8 Issue 1, pS5-S18, 14p
Publication Year :
1993

Abstract

The analysis of fuel economy data results in estimates of the technology utilization by manufacturer and vehicle line. The analysis employs a hierarchical Bayesian regression model with random components representing vehicle lines and manufacturers. The model includes predictor variables which describe vehicle features, such as type of transmission, and vehicle line specific measurements, such as compression ratio. Non-informative priors with novel modifications are used and the Bayes estimates are obtained by use of Gibbs sampling. The results show there is substantial variability among manufacturers in efficiently utilizing technology for fuel economy. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08837252
Volume :
8
Issue :
1
Database :
Complementary Index
Journal :
Journal of Applied Econometrics
Publication Type :
Academic Journal
Accession number :
126113432
Full Text :
https://doi.org/10.1002/jae.3950080503