A Comparison of Autometrics and Penalization Techniques under Various Error Distributions: Evidence from Monte Carlo Simulation

Table 1

Simulation results for exponentially distributed errors.

	Methods	0.25		0.90
		Potency	Gauge	Potency	Gauge
{100, 20}	Autometrics	0.999	0.011	0.612	0.042
	SCAD	1	0.219	0.924	0.577
	MCP	1	0.140	0.925	0.562
{100, 25}	Autometrics	0.999	0.01	0.610	0.037
	SCAD	1	0.177	0.890	0.498
	MCP	1	0.110	0.885	0.472
{100, 30}	Autometrics	0.999	0.012	0.612	0.037
	SCAD	1	0.142	0.845	0.391
	MCP	1	0.085	0.847	0.397
{300, 20}	Autometrics	1	0.009	0.955	0.010
	SCAD	1	0.102	0.995	0.305
	MCP	1	0.090	0.995	0.294
{300, 25}	Autometrics	1	0.010	0.959	0.012
	SCAD	1	0.061	0.994	0.269
	MCP	1	0.056	0.992	0.261
{300, 30}	Autometrics	1	0.011	0.958	0.012
	SCAD	1	0.045	0.989	0.231
	MCP	1	0.039	0.990	0.230