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Estimation in Semiparametric Quantile Factor Models

2017/08/31 by Ma, Shujie, Linton, Oliver, Gao, Jiti
#FOS: Computer and information sciences #Methodology (stat.ME)

paper · doi:10.48550/arxiv.1708.09507

Abstract

We propose an estimation methodology for a semiparametric quantile factor panel model. We provide tools for inference that are robust to the existence of moments and to the form of weak cross-sectional dependence in the idiosyncratic error term. We apply our method to daily stock return data.

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