Explain why it is acceptable to estimate reduced-form equations by least squares.
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Explain why it is acceptable to estimate reduced-form equations by least squares.
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Reducedform equations are a type of regression model that expresses endogenous variables in terms of exogenous variables and predetermined endogenous ...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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