Consider the following simultaneous equations model. Assume that x is exogenous. yi = Bx + e Y2 = ay¡ + u a. How would you estimate the parameter b? Is it identified? b. How would you estimate the parameter a? Is it identified?
Consider the following simultaneous equations model. Assume that x is exogenous. yi = Bx + e Y2 = ay¡ + u a. How would you estimate the parameter b? Is it identified? b. How would you estimate the parameter a? Is it identified?
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.5: Iterative Methods For Solving Linear Systems
Problem 25EQ
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