Demographic Research, Vol. 44 (JANUARY - JUNE 2021), pp. 1085-1114 (32 pages) BACKGROUND High-dimensional parametric models with penalized likelihood functions strike a good balance between bias and ...
We can see the difference between SVI and spline more clearly here. As expected, SVI curves show nice “smiles.” On the other hand, the spline follows the datapoints more closely but can go only as far ...
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