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Q2. Consider the following simultaneous equation models. Y1t=1+3Y3t+1X1t+u1tY2t=,+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t Q2. Consider the following simultaneous equation models. Yit = +3Y3t + 1X1t + ult Y2t = +

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Q2. Consider the following simultaneous equation models. Y1t=1+3Y3t+1X1t+u1tY2t=,+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t

Q2. Consider the following simultaneous equation models. Yit = +3Y3t + 1X1t + ult Y2t = + lY1t+ 2Y3t +u2f Y3t + 2Y2t + 2X2t + u3t (1) (2) (3) (a) Can you estimate equation (1) with OLS assuming Xl and X2 are exogenous? Explain [2]

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