Question: There are three asymptotic tests often used for testing multiple and/or nonlinear restrictions on the parameters in a regression model: the Wald test, the

There are three asymptotic tests often used for testing multiple and/or nonlinear

There are three asymptotic tests often used for testing multiple and/or nonlinear restrictions on the parameters in a regression model: the Wald test, the LaGrange Multiplier test, and the Likelihood Ratio test. Using only a diagram and words, explain how each method tests the restrictions. You can use symbols (like B), but we are looking for intuition not formulas.

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