Suppose that the model of Exercise 4 were specified as B + yL Yi = a +
Question:
Suppose that the model of Exercise 4 were specified as
Describe a method of estimating the parameters, is ordinary least squares consistent?
Transcribed Image Text:
B + yL Yi = a + 1- 81 L– & L2* + e.. 1- 81 L– 82 L2"
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By multiplying through by the denominator of the lag function we obtain a...View the full answer
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