How would you extend model (16.4.2) to allow for a time error component? Write down the model

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How would you extend model (16.4.2) to allow for a time error component? Write down the model explicitly.

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: May 29, 2018 03:20 AM

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How would you extend model (16.4.2) to allow for a time error component? Write down the model

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The new error term will be w it i v i u it with the assumptions that We further assume that ...View the full answer

Basic Econometrics

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