VERYFICATION OF LOCATION PROBLEM IN ECONOMIC RESEARCH

In economic research very often the location problem in the single sample or estimation  of the difference in two samples location is commonly tested by experimental economists. Usually the used tests are Wilcoxon test for single sample location or Wilcoxon – Mann – Whitney for two samples location...

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Veröffentlicht in:Acta Universitatis Lodziensis. Folia oeconomica 2014-11, Vol.3 (302)
Hauptverfasser: Dorota Kozioł - Kaczorek, Maria Parlińska
Format: Artikel
Sprache:eng
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Zusammenfassung:In economic research very often the location problem in the single sample or estimation  of the difference in two samples location is commonly tested by experimental economists. Usually the used tests are Wilcoxon test for single sample location or Wilcoxon – Mann – Whitney for two samples location problem. Unfortunately those tests have some disadvantages such as robustness against assumptions or week efficiency. In the paper, some less known procedures, which allow avoid those problems, will be presented. Considered methods will be illustrated on the example of the data  analysis from real-estate market.
ISSN:0208-6018
2353-7663