Define the reduced form of a simultaneous equations model and explain its usefulness.
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Define the reduced form of a simultaneous equations model and explain its usefulness.
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In the context of a simultaneous equations model the reduced form refers to a system of equations obtained by solving the original structural equation...View the full answer
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Related Book For 
Principles Of Econometrics
ISBN: 9781118452271
5th Edition
Authors: R Carter Hill, William E Griffiths, Guay C Lim
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