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Uniform in bandwidth consistency of smooth varying coefficient estimators | David Jacho-Chavez

Uniform in bandwidth consistency of smooth varying coefficient estimators

Abstract

We prove the strong consistency, uniformly in the bandwidth, of the smooth varying coefficient conditional least squares estimator. Our results justify data-driven choices of bandwidths, such as Silverman’s rule-of thumb, or standard cross-validation, that are usually implemented by most practitioners.

Publication
Economics Bulletin, (29), 3, pp. 1889-1895