Structural Estimation by K-Class Methods and Reduced Form Forecasting.
CENTER FOR NAVAL ANALYSES ARLINGTON VA
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Models involving a system of simultaneous linear equations have been employed in a wide variety of research efforts their uses in economics range from the studies of particular markets to the study of entire national economies. One important reason for constructing and estimating such models is forecasting. Estimators within the k-class, including ordinary least squares, and limited information maximum likelihood, are frequently employed to obtain estimates of the structural parameters. Author
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