Arbeitspapier
Units of Measurement and the Inverse Hyperbolic Sine Transformation
The inverse hyperbolic sine (IHS) transformation is frequently applied in econometric studies to transform right-skewed variables that include zero or negative values. We confirm a previous study that shows that regression results can largely depend on the units of measurement of IHS-transformed variables. Hence, arbitrary choices regarding the units of measurement for these variables can have a considerable effect on recommendations for policies or business decisions. In order to address this problem, we suggest a procedure for choosing units of measurement for IHS-transformed variables. A Monte Carlo simulation assesses this procedure under various scenarios and a replication of the study by Bellemare and Wichman (2019) illustrates the relevance and applicability of our suggested procedure.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFRO Working Paper ; No. 2019/10
- Klassifikation
-
Wirtschaft
- Thema
-
inverse hyperbolic sine
arcsinh
unit of measurement
scale factor
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aïhounton, Ghislain B. D.
Henningsen, Arne
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Department of Food and Resource Economics (IFRO)
- (wo)
-
Copenhagen
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Aïhounton, Ghislain B. D.
- Henningsen, Arne
- University of Copenhagen, Department of Food and Resource Economics (IFRO)
Entstanden
- 2019
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