A COMPARISON OF THREE LINEAR PROGRAMMING MODELS FOR COMPUTING LEAST ABSOLUTE VALUES ESTIMATES

Abstract

Several methods have been developed to estimate the regression model parameters using the Least Absolute Values method. In this study, three methods for finding Least Absolute Values Estimates developed by Charnes et al. (1995), Gonin and Money (1989) and Li (1998), are compared with respect to Central Process Unit (CPU) time and the size of the determination coefficients.