Explain carefully the meaning of (1) Under identification, (2) Exact identification, and (3) Over identification.

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Explain carefully the meaning of
(1) Under identification,
(2) Exact identification, and
(3) Over identification.

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Essentials of Econometrics

ISBN: 978-0073375847

4th edition

Authors: Damodar Gujarati, Dawn Porter

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Question Posted: Apr 12, 2016 07:34 AM

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Explain carefully the meaning of (1) Under identification, (2) Exact identification, and (3) Over identification.

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In a system of simultaneous equations if we cannot estimate the para...View the full answer

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