Bartlett corrections in beta regression models
classification
📊 stat.ME
keywords
bartlettbetaconsidercorrectedcorrectionlikelihoodmodelsratio
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We consider the issue of performing accurate small-sample testing inference in beta regression models, which are useful for modeling continuous variates that assume values in $(0,1)$, such as rates and proportions. We derive the Bartlett correction to the likelihood ratio test statistic and also consider a bootstrap Bartlett correction. Using Monte Carlo simulations we compare the finite sample performances of the two corrected tests to that of the standard likelihood ratio test and also to its variant that employs Skovgaard's adjustment; the latter is already available in the literature. The numerical evidence favors the corrected tests we propose. We also present an empirical application.
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