Explain the properties of the restricted least squares estimator. In particular, how do its bias and variance

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Explain the properties of the restricted least squares estimator. In particular, how do its bias and variance compare with those of the unrestricted, ordinary, least squares estimator?

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:01 AM

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Explain the properties of the restricted least squares estimator. In particular, how do its bias and variance

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The restricted least squares RLS estimator is a variant of the ordinary least squares OLS estimator that is used when certain restrictions or constrai...View the full answer

Principles Of Econometrics

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