To extend Zellner and Revankars model in a fashion similar to theirs, we can use the BoxCox

Question:

To extend Zellner and Revankar’s model in a fashion similar to theirs, we can use the Box–Cox transformation for the dependent variable as well. Use the method of Example 17.6 (with θ = λ) to repeat the study of the preceding two exercises. How do your results change?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Econometric Analysis

ISBN: 978-0130661890

5th Edition

Authors: William H. Greene

Question Posted: