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hdm: High-Dimensional Metrics

Victor Chernozhukov, Chris Hansen, Martin Spindler

arXiv 1 Aug 2016 · Statistics — Methodology · publishedThe R Journal (2016) · 58 citations (OpenAlex)

arXiv:1608.00354 · PDF · DOI · OpenAlex · Extracted main text

Abstract

In this article the package High-dimensional Metrics (hdm) is introduced. It is a collection of statistical methods for estimation and quantification of uncertainty in high-dimensional approximately sparse models. It focuses on providing confidence intervals and significance testing for (possibly many) low-dimensional subcomponents of the high-dimensional parameter vector. Efficient estimators and uniformly valid confidence intervals for regression coefficients on target variables (e.g., treatment or policy variable) in a high-dimensional approximately sparse regression model, for average treatment effect (ATE) and average treatment effect for the treated (ATET), as well for extensions of these parameters to the endogenous setting are provided. Theory grounded, data-driven methods for selecting the penalization parameter in Lasso regressions under heteroscedastic and non-Gaussian errors are implemented. Moreover, joint/ simultaneous confidence intervals for regression coefficients of a high-dimensional sparse regression are implemented. Data sets which have been used in the literature and might be useful for classroom demonstration and for testing new estimators are included.

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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
1A. Belloni, D. Chen, V. Chernozhukov, and C. Hansen (2010) Sparse models and methods for optimal instruments with an application to eminent domain1.00053100%
2S. Berry, J. Levinsohn, and A. Pakes (1995) Automobile prices in market equilibrium0.87452100%
3A. Belloni and V. Chernozhukov (2009) Least squares after model selection in high-dimensional sparse models0.64422100%
4A. Belloni, V. Chernozhukov, and K. Kato (2014) Uniform post-selection inference for least absolute deviation regression and other z-estimation problems0.64422100%
5V. Chernozhukov, C. Hansen, and M. Spindler (2015) Valid post-selection and post-regularization inference: An elementary, general approach0.64422100%
6V. Chernozhukov, C. Hansen, and M. Spindler (2015) Valid post-selection and post-regularization inference in linear models with many controls and instruments0.64422100%
7A. Belloni, V. Chernozhukov, and C. Hansen (2011) Inference on treatment effects after selection amongst high-dimensional controls0.51121100%
8J. D. Angrist and J.-S. Pischke (2008) Mostly Harmless Econometrics: An Empiricist's Companion0.40511100%
9A. Belloni, V. Chernozhukov, I. Fernández-Val, and C. Hansen (2013) Program evaluation with high-dimensional data0.40511100%
10A. Belloni, V. Chernozhukov, and C. Hansen (2011) Inference for high-dimensional sparse econometric models0.40511100%

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Cited by, within the corpus

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

Citing paperIntensityMentionsSections
1Valid Simultaneous Inference in High-Dimensional Settings (with the HDM Package for R)0.73733
2Program Evaluation and Causal Inference with High-Dimensional Data0.40511
3High-Dimensional Econometrics and Regularized GMM0.40511
4Omitted variable bias of Lasso-based inference methods: A finite sample analysis0.40511
5Distributional conformal prediction0.40511
6Topologically Mapping the Macroeconomy0.40511
7Estimation in high-dimensional linear regression: Post-Double-Autometrics as an alternative to Post-Double-Lasso0.40511
8Bayesian Model Averaging in Causal Instrumental Variable Models0.00011