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306849

Methodology of Bootstrapping Technique with Application to Inflation Rate

Article

Last updated: 25 Dec 2024

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Abstract

Sampling methods is one of the most important topics in Statistics which developed in recent years. Since, all traditional methods use equations that estimate the sampling distribution for a specific sample statistic when the data follow a particular distribution. Unfortunately, formulas for all combinations of sample statistics and data distributions do not exist! For example, there is no known sampling distribution for medians, which makes bootstrapping the perfect analyses for it. This paper aims to introduce the concept and Methodology of bootstrap methods in statistics and focuses on applications in regression analysis.These applications contrast two forms of bootstrap re-sampling in regression; these techniques require fewer assumptions and offer greater accuracy and insight than do standard methods in many problems.Inflation rate is one of the most important topics raised in the present time, specially after the crises faced in the world (i.e. COVID-19 pandemic, the war of Russian-Ukraine and the crises of food and Energy around world), so inflation rate was selected to apply the bootstrapping techniques using regression method and compare the results with the original sample data using R-Package.

DOI

10.21608/jocu.2023.188678.1252

Keywords

Re-Sampling techniques, Bootstrapping, regression, Inflation Rate

Authors

First Name

احمد ناصر ذكي

Last Name

سيد

MiddleName

-

Affiliation

معهد التخطيط القومي- مركز الاساليب التخطيطية

Email

anasser2005_11@yahoo.com

City

-

Orcid

0000-0002-2236-4935

First Name

Magda ibrahim

Last Name

Farag

MiddleName

-

Affiliation

Institute of National Planning

Email

magda.ibrahim@inp.edu.eg

City

-

Orcid

-

Volume

20

Article Issue

19

Related Issue

42266

Issue Date

2023-07-01

Receive Date

2023-01-21

Publish Date

2023-07-01

Page Start

423

Page End

437

Print ISSN

2636-4166

Online ISSN

2735-3176

Link

https://jocu.journals.ekb.eg/article_306849.html

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https://jocu.journals.ekb.eg/service?article_code=306849

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306,849

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مقالات سیاسیة واقتصادیة

Type Code

1,296

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Journal

Publication Title

مجلة السياسة والاقتصاد

Publication Link

https://jocu.journals.ekb.eg/

MainTitle

Methodology of Bootstrapping Technique with Application to Inflation Rate

Details

Type

Article

Created At

25 Dec 2024