An example of how the control variate method reduces noise in Monte Carlo experiments

References

• Kmenta , J. and Gilbert , R. F. 1968 . Small sample properties of alternative estimators of seemingly unrelated regressions . J, Amer, Statist. Assoc , 63 : 1180 – 1200 .
   Web of Science ®Google Scholar
• Kakwani , N. C. 1967 . The unbiasedness of Zellner's seemingly unrelated regressions estimators . J. Amer. Statist, Assoc , 62 : 141 – 142 .
   Web of Science ®Google Scholar
• Kmenta , J. 1971 . Elements of Econometrics , New York : Macmillan .
   Google Scholar
• Mehta , J. S. and Swamy , P. A. V. B. 1976 . Further evidence on the relative efficiencies of Zellnerfs seemingly unrelated regressions estimator . J. Amer. Statist. Assoc , 71 : 634 – 639 .
   Web of Science ®Google Scholar
• Mikhail , W. M. 1972 . Simulating the small sample properties of econometric estimators . J. Amer. Statist. Assoc , 67 : 620 – 623 .
   Web of Science ®Google Scholar
• Revankar , N. S. 1974 . Some finite sample results in the context of two seemingly unrelated regression equations . J. Amer. Statist. Assoc , 69 : 187 – 190 .
   Web of Science ®Google Scholar
• Revankar , N. S. 1976 . Use of restricted residuals in SUR systems: some finite sample results . J. Amer. Statist. Assoc , 71 : 183 – 188 .
   Web of Science ®Google Scholar
• Theil , H. 1971 . Principles of Econometrics , New York : John Wiley and Sons .
   Google Scholar
• Zellner , A. 1962 . An efficient method of estimating seemingly unrelated regressions and test of aggregation bias . J. Amer. Statist Assoc , 57 : 348 – 368 .
   Web of Science ®Google Scholar
• Zellner , A. 1963 . estimators of seemingly unrelated regressions:some exact finite sample results . J. Amer. Statist Assoc , 58 : 977 – 992 .
   Web of Science ®Google Scholar