Mathematics
8 years ago

New method reveals surprising wage differences between industries in five countries.

Computational Statistics & Data Analysis
Robust regression with a distributed intercept using least median of squares
Peter J. Rousseeuw, Joachim Wagner

Paper Summary

The researchers developed a new method called LMS/RLS to analyze data with outliers more effectively than traditional methods like OLS. They used this method to study wage differences between industries in five countries and found that these differences vary more than previously thought.

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