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Accueil du site > Publications > Working Papers > 2011 > Goodness of Fit : an axiomatic approach

Goodness of Fit : an axiomatic approach

Frank A. Cowell, Russell Davidson, Emmanuel Flachaire

Résumé

An axiomatic approach is used to develop a one-parameter family of mea- sures of divergence between distributions. These measures can be used to perform goodness-of-fit tests with good statistical properties. Asymptotic theory shows that the test statistics have well-defined limiting distributions which are however analytically intractable. A parametric bootstrap proce- dure is proposed for implementation of the tests. The procedure is shown to work very well in a set of simulation experiments, and to compare favourably with other commonly used goodness-of-fit tests. By varying the parameter of the statistic, one can obtain information on how the distribution that gen- erated a sample diverges from the target family of distributions when the true distribution does not belong to that family. An empirical application analyses a UK income data set.

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Numéro du document : 2011-50
Mots clefs : Goodness of -t, axiomatic approach, measures of divergence, parametric bootstrap


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