Abstract :
The traditional ordinary least squares procedure (OLS) is the most frequently used method for analyzing food grain production data (1983-2014), but ignore the presence of outliers or influential data points which may distort the regression estimates obtained from OLS. These data points may remain unnoticed and can have a strong adverse affect on the regression estimates. In this paper, two approaches i.e., robust M-regression and quantile regression to linear robust regression analysis are presented, as these methods provide formal procedure to overcome from the situation of outliers and influential observations and to reduce their influence on the final estimates of the regression co-efficients by using Cobb-Douglas production function. Moreover, 0.90th quantile regression model comes out to be best on the basis of AIC (-47.17), SBIC (-36.91), elasticity of production, marginal value productivity, sign, size and the variables significant effect on foodgrain production than OLS and robust M-regression. Also, the variables NSA and AC were best in order to increase the food grain production on the basis of quantile 0.90th regression, elasticity of production and MVP at 0.90th quantile.
Keyword :
Ordinary least square, outliers, robust regression, quantile regression, M-estimator, food grain production