Multiple Choice
The concept of exogeneity is important because
A) it clarifies whether or not the variable is determined inside or outside your model.
B) maximum likelihood estimation is no longer valid.
C) under strict exogeneity, OLS may not be efficient as an estimator of dynamic causal effects.
D) endogenous variables are not stationary, but exogenous variables are.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: The distributed lag model assumptions include all
Q40: In the distributed lag model, the coefficient
Q41: Estimation of dynamic multipliers under strict exogeneity
Q42: To convey information about the dynamic multipliers
Q43: There is some economic research which
Q45: HAC standard errors should be used because<br>A)they
Q46: GLS involves<br>A)writing the model in differences and
Q47: The distributed lag model is given by<br>A)Y<sub>t</sub>
Q48: When X<sub>t</sub> is strictly exogenous, the following
Q49: Consider the distributed lag model Y<sub>t</sub> =