Multiple Choice
What does it mean for a structural equation to be unidentified?
A) too many endogenous variables are included in the equation to estimate a unique parameter value
B) the sample size is not large enough to rely on asymptotic estimator properties
C) the simultaneous nature of the equations makes random samples impossible to obtain
D) the sample size is not large enough to allow M*(M-1) degrees of freedom
Correct Answer:
Verified
Correct Answer:
Verified
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