Please estimate equations 5 and 6 if possible with Indirect Least Square method, if not possibel, please explain why and justify

(c) Consider the following set of simultaneous equations: Y1t=1+1X1t+u1tY2t=2+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t Can you estimate equation (4) with OLS assuming X1 and X2 are exogenous? Explain. [2] Yes can estimate equation 4 using OLS. As right hand side of equation only has exogenous variables. (d) Write down the reduced form equation for the endogenous variables Y2t and Y3t ? [2] Y2t=2+1Y1t+3Y3t+u2tY2t=2+1(1+1X1t+u1t)+3(3+2Y2t+2X2t+u3t)+u2tY2t=2+11+11X1t+1u1t+33+32Y2t+32X2t+3u3t)+u2tY2t=(132)12+11+33+11X1t+32X2t+1u1t+3u3t+u2tY3t=3+2[(132)1(2+11+33+11X1t+32X2t+1u1t+3u3t+u2t)+2X2t+u3t (c) Consider the following set of simultaneous equations: Y1t=1+1X1t+u1tY2t=2+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t Can you estimate equation (4) with OLS assuming X1 and X2 are exogenous? Explain. [2] Yes can estimate equation 4 using OLS. As right hand side of equation only has exogenous variables. (d) Write down the reduced form equation for the endogenous variables Y2t and Y3t ? [2] Y2t=2+1Y1t+3Y3t+u2tY2t=2+1(1+1X1t+u1t)+3(3+2Y2t+2X2t+u3t)+u2tY2t=2+11+11X1t+1u1t+33+32Y2t+32X2t+3u3t)+u2tY2t=(132)12+11+33+11X1t+32X2t+1u1t+3u3t+u2tY3t=3+2[(132)1(2+11+33+11X1t+32X2t+1u1t+3u3t+u2t)+2X2t+u3t