Abstract:Nonparametric regression is an alternative to the parametric approach, which consists of applying parametric models, i.e models of the certain functional form with a fixed number of parameters. As opposed to the parametric approach, nonparametric models have a general form, which can be approximated increasingly precisely when the sample size grows. Hereby they do not impose such restricted assumptions about the form of the modelling dependencies and in consequence, they are more flexible and let the data spea… Show more
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