Chunk #30 — 4.0 A New Hybrid Sandwich Estimator
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Our recommended solution will use an averaged or pooled covariance, just as Pan (2001) did, and scale these values using the corrections originally proposed by Morel (2003).
Our recommended solution will use an averaged or pooled covariance, just as Pan (2001) did, and scale these values using the corrections originally proposed by Morel (2003).