OLS is biased and inconsistent when applied to a structural equation in a simultaneous equations system.
Correct Answer:
Verified
Q3: An equation in the simultaneous equations model
Q4: Which of the following correctly highlights a
Q5: The following simultaneous equations describe the demand
Q6: Which of the following statements is true?
A)The
Q7: Which of the following equations is an
Q9: Which of the following statements is true?
A)White
Q10: In econometrics, simultaneity arises when:
A)strictly exogenous explanatory
Q11: An alternative to using simultaneous equation models
Q12: In a simultaneous equations model, if any
Q13: Exclusion restrictions are said to be imposed
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