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Rearranging Edgeworth-Cornish-Fisher Expansions

Victor Chernozhukov, Ivan Fernandez-Val, Alfred Galichon

arXiv 12 Aug 2007 · Statistics — Methodology · publishedEconomic Theory (2009) · 35 citations (OpenAlex)

arXiv:0708.1627 · PDF · DOI · OpenAlex · Extracted main text

Abstract

This paper applies a regularization procedure called increasing rearrangement to monotonize Edgeworth and Cornish-Fisher expansions and any other related approximations of distribution and quantile functions of sample statistics. Besides satisfying the logical monotonicity, required of distribution and quantile functions, the procedure often delivers strikingly better approximations to the distribution and quantile functions of the sample mean than the original Edgeworth-Cornish-Fisher expansions.

Citation extraction

22
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31
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main-text words

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Hall (1992) The bootstrap and Edgeworth expansion0.87462100%
2van der Vaart (1998) Asymptotic statistics0.73732100%
3Pollard (2002) A user's guide to measure theoretic probability0.51121100%
4Zolotarev (1991) Asymptotic expansions with probability $1$ of sums of independent random variables0.51121100%
5Cornish and Fisher (1938) Moments and Cumulants in the Specification of Distributions0.40511100%
6Edgeworth (1905) The law of error0.40511100%
7Edgeworth (1907) On the representatin of a statistical frequency by a series0.40511100%
8Fisher and Cornish (1960) The percentile points of distributions having known cumulants0.40511100%
9Hardy, Littlewood, and Pólya (1952) Inequalities0.40511100%
10Rothenberg (1984) Approximating the Distributions of Econometric Estimators and Test Statistics0.40511100%

Showing the top 10 of 22 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Improving Point and Interval Estimates of Monotone Functions by Rearrangement0.40511