modelAvg

a (non-empty) list of fitted distributions

fitList

a (non-empty) string of the ID column name.

an optional logical, where nonCon == TRUE excludes models failing to converged and nonCon == FALSE includes them.

nonCon

This function calculates model averaged statistics using AIC and BIC.

Methods for model selection, model averaging, and calculating metrics, such as the Gini, Theil, Mean Log Deviation, etc, on binned income data where the topmost bin is right-censored.  We provide both a non-parametric method, termed the bounded midpoint estimator (BME), which assigns cases to their bin midpoints; except for the censored bins, where cases are assigned to an income estimated by fitting a Pareto distribution. Because the usual Pareto estimate can be inaccurate or undefined, especially in small samples, we implement a bounded Pareto estimate that yields much better results.  We also provide a parametric approach, which fits distributions from the generalized beta (GB) family. Because some GB distributions can have poor fit or undefined estimates, we fit 10 GB-family distributions and use multimodel inference to obtain definite estimates from the best-fitting distributions. We also provide binned income data from all United States of America school districts, counties, and states.

modelAvg: A function to calculate model averages

Description

Usage

Arguments

Value

Details

Examples