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Performace of Optimal MSE Estimators Relative to Alternative Predictors of Recreational Use for National Parks
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Performace of Optimal MSE Estimators Relative to Alternative Predictors of Recreational Use for National Parks

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  • Green, Richard
  • Johnston, Warren

Abstract

The common use of multiplicative models of recreational use (demand) results in difficulties in projecting future values. Alternative estimators are discussed, and theoretically optimal MSE-estimators are compared with OLS and maximum-likelihood estimators. Empirical results are based on use data for U.S. National Parks from Boyet and Tolley.

Suggested Citation

  • Green, Richard & Johnston, Warren, 1975. "Performace of Optimal MSE Estimators Relative to Alternative Predictors of Recreational Use for National Parks," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284468, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284468
    DOI: 10.22004/ag.econ.284468
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    Resource /Energy Economics and Policy;

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