Log-symmetric regression models for correlated errors with an application to mortality data
Abstract
Log-symmetric regression models are particularly useful when the response
variable is continuous, strictly positive and asymmetric. In this paper, we
proposed a class of log-symmetric regression models in the context of
correlated errors. The proposed models provide a novel alternative to the
existing log-symmetric regression models due to its flexibility in
accommodating correlation. We discuss some properties, parameter estimation by
the conditional maximum likelihood method and goodness of fit of the proposed
model. We also provide expressions for the observed Fisher information matrix.
A Monte Carlo simulation study is presented to evaluate the performance of the
conditional maximum likelihood estimators. Finally, a full analysis of a
real-world mortality data set is presented to illustrate the proposed approach.