Mathematics, 06.05.2020 02:31 jamesnaquan132
Two Stage Least Squares is calculated as follows; in the first stage: A) Y is regressed on the exogenous variables only. The predicted value of Y is then regressed on the instrumental variables. B) the unknown coefficients in the reduced form equation are estimated by OLS, and the predicted values are calculated. In the second stage, Y is regressed on these predicted values and the other exogenous variables.
Answers: 3
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Subscriptions to a popular fashion magazine have gone down by a consistent percentage each year and can be modeled by the function y = 42,000(0.96)t. what does the value 42,000 represent in the function?
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Two Stage Least Squares is calculated as follows; in the first stage: A) Y is regressed on the exoge...
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