Reducing Bias in Beta Regression Models Using Jackknifed Liu-Type Estimators: Applications to Chemical Data

• Published in: Journal of mathematics (Hidawi) Vol. 2024; pp. 1 - 12
• Main Authors: Seifollahi, Solmaz, Bevrani, Hossein, Albalawi, Olayan
• Format: Journal Article
• Language: English
• Published: Cairo Hindawi 2024; Hindawi Limited
• Subjects: Bias; Collinearity; Maximum likelihood estimators; Monte Carlo simulation; Parameter estimation; Regression analysis; Regression models
• ISSN: 2314-4629; 2314-4785
• DOI: 10.1155/2024/6694880

In the field of chemical data modeling, it is common to encounter response variables that are constrained to the interval (0, 1). In such cases, the beta regression model is often a more suitable choice for modeling. However, like any regression model, collinearity can present a significant challenge. To address this issue, the Liu-type estimator has been used as an alternative to the maximum likelihood estimator, but it suffers from bias. In this paper, we introduce the Jackknifed Liu-type estimator and its modified version, which demonstrate improved bias reduction compared to the original Liu-type estimator. We assess the theoretical and numerical performance of these estimators through Monte Carlo simulations and real-data examples from the field of chemistry. Our findings highlight the significant improvements offered by the proposed estimators in terms of accuracy and reliability.