Monitoring structural change is performed not by hypothesis testing but by model selection using a modified Bayesian information criterion. It is found that concerning detection accuracy and detection speed, the proposed method shows better performance than the hypothesis-testing method. Two advantages of the proposed method are also discussed.
"Model-Selection-Based Monitoring Of Structural Change,"
Journal of Modern Applied Statistical Methods:
1, Article 16.
Available at: http://digitalcommons.wayne.edu/jmasm/vol4/iss1/16