Multiple Choice
What is the first stage of 2SLS?
A) estimate parameters of reduced form equations and find predicted values
B) find a random sample large enough to divide into 2 separate samples for the two stages
C) estimate parameters of the structural equations using OLS
D) use reduced form parameter estimates as explanatory variables
Correct Answer:
Verified
Correct Answer:
Verified
Q1: What are reduced form equations in a
Q2: In a system of 4 simultaneous equations,how
Q3: In a multi-equation model the jointly determined
Q5: What does it mean for a structural
Q6: How does the least squares estimator perform
Q7: What are the implications for 2SLS estimators
Q8: Why is it best to use
Q9: When estimating the structural parameters of
Q10: If a structural model has M simultaneous
Q11: What does 2SLS abbreviate?<br>A)twice squared linear series<br>B)second