Figure 4. Performance measures of original and proposed SA-CES estimators
| Variance of idiosyncratic CES error |
Original SA-CES estimate |
Proposed SA-CES estimate (p = 0) |
Proposed SA-CES estimate (p = 0.01) |
Proposed SA-CES estimate (p = 0.1) |
Proposed SA-CES estimate (p = 0.5) |
Proposed SA-CES estimate (p = 1) |
|
0.00001
|
0.002915 |
0.000114 |
0.000319 |
0.000937 |
0.002075 |
0.002933 |
|
0.00002
|
0.004123 |
0.000162 |
0.000451 |
0.001325 |
0.002934 |
0.004147 |
|
0.00003
|
0.005049 |
0.000198 |
0.000552 |
0.001622 |
0.003593 |
0.005079 |
|
0.00004
|
0.005830 |
0.000229 |
0.000638 |
0.001873 |
0.004149 |
0.005865 |
|
0.00005
|
0.006518 |
0.000256 |
0.000713 |
0.002094 |
0.004639 |
0.006557 |
|
0.00006
|
0.007140 |
0.000280 |
0.000781 |
0.002294 |
0.005082 |
0.007182 |
|
0.00007
|
0.007712 |
0.000302 |
0.000844 |
0.002478 |
0.005488 |
0.007757 |
|
0.00008
|
0.008245 |
0.000323 |
0.000902 |
0.002649 |
0.005867 |
0.008293 |
|
0.00009
|
0.008745 |
0.000343 |
0.000957 |
0.002809 |
0.006223 |
0.008796 |
|
0.00010
|
0.009218 |
0.000362 |
0.001008 |
0.002961 |
0.006560 |
0.009272 |
|
0.00025
|
0.014576 |
0.000572 |
0.001595 |
0.004682 |
0.010370 |
0.014659 |
|
0.00050
|
0.020611 |
0.000808 |
0.002256 |
0.006621 |
0.014666 |
0.020731 |
|
0.00075
|
0.025246 |
0.000990 |
0.002763 |
0.008107 |
0.017960 |
0.025389 |
|
0.00100
|
0.029151 |
0.001143 |
0.003190 |
0.009362 |
0.020739 |
0.029318 |
|
0.00125
|
0.032592 |
0.001279 |
0.003568 |
0.010467 |
0.023187 |
0.032777 |
|
0.00150
|
0.035702 |
0.001409 |
0.003909 |
0.011466 |
0.025402 |
0.035904 |
|
0.00175
|
0.038562 |
0.001521 |
0.004220 |
0.012384 |
0.027438 |
0.038781 |
|
0.00200
|
0.041222 |
0.001626 |
0.004509 |
0.013241 |
0.029333 |
0.041459 |
|
0.00225
|
0.043722 |
0.001729 |
0.004785 |
0.014045 |
0.031113 |
0.043971 |
|
0.00250
|
0.046085 |
0.001826 |
0.005046 |
0.014805 |
0.032797 |
0.046350 |
|
0.00275
|
0.048333 |
0.001914 |
0.005294 |
0.015527 |
0.034395 |
0.048611 |
|
0.00300
|
0.050482 |
0.002001 |
0.005530 |
0.016219 |
0.035926 |
0.050774 |
|
0.00325
|
0.052543 |
0.002084 |
0.005756 |
0.016881 |
0.037392 |
0.052848 |
|
0.00350
|
0.054529 |
0.002163 |
0.005973 |
0.017519 |
0.038804 |
0.054848 |
|
0.00375
|
0.056444 |
0.002237 |
0.006184 |
0.018134 |
0.040166 |
0.056777 |
|
0.00400
|
0.058295 |
0.002315 |
0.006389 |
0.018729 |
0.041485 |
0.058639 |