Isotonicity of the projection onto the monotone cone

Abstract: A wedge (i.e., a closed nonempty set in the Euclidean space stable under addition and multiplication with non-negative scalars) induces by a standard way a semi-order (a reflexive and transitive binary relation) in the space. The wedges admitting isotone metric projection with respect to the semi-order induced by them are characterized. The obtained result is used to show that the monotone wedge (called monotone cone in regression theory) admits isotone projection.