What does it mean for a structural equation to be unidentified?
A) too many endogenous variables are included in the equation to estimate a unique parameter value
B) the sample size is not large enough to rely on asymptotic estimator properties
C) the simultaneous nature of the equations makes random samples impossible to obtain
D) the sample size is not large enough to allow M*(M-1) degrees of freedom
Correct Answer:
Verified
Q2: What estimation technique should be used to
Q3: What does 2SLS abbreviate?
A)twice squared linear series
B)second
Q4: Why is it best to use
Q5: What is the 2nd stage of 2SLS?
A)estimate
Q6: How does the least squares estimator perform
Q7: What are the implications for 2SLS estimators
Q8: In a system of M simultaneous equations,at
Q9: In a system of 4 simultaneous equations,how
Q10: What are reduced form equations in a
Q11: When estimating the structural parameters of
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