Consider the following distributed-lag model: Assume that βi can be adequately expressed by the second-degree polynomial as
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Assume that βi can be adequately expressed by the second-degree polynomial as follows:
βi = a0 + a1i + a2i2
How would you estimate the βs if we want to impose the restriction that β0 = β4 = 0?
Transcribed Image Text:
Y, = a + BoX, + BiX,-1 + B2X1–2 + B3X1-3 + B4X1–4 + u;
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