Is more data better?

Kaushik Mitra

(2004)

Kaushik Mitra (2004) Is more data better?.

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Abstract

Conventional wisdom usually suggests that agents should use all the data they have to make the best possible prediction. In this paper, it is shown that agents may make better predictions by discarding old data if their model is mis-specified. The applicability of the results to some economic models is also demonstrated.

Information about this Version

This is a Accepted version
This version's date is: 2004
This item is not peer reviewed

Link to this Version

https://repository.royalholloway.ac.uk/items/e318e344-9a85-1250-6abc-a2638de3c4dc/1/

Item TypeMonograph (Working Paper)
TitleIs more data better?
AuthorsMitra, Kaushik
Uncontrolled Keywordsoptimal, mean squared error, bounded memory.
DepartmentsFaculty of History and Social Science\Economics

Deposited by Leanne Workman (UXYL007) on 16-Oct-2012 in Royal Holloway Research Online.Last modified on 16-Oct-2012

Notes

©2004 Kaushik Mitra. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including © notice, is given to the source.

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