LEAST SQUARES ESTIMATION OF DISTRIBUTED LAG MODELS: RELATIONSHIPS BETWEEN ACTUAL AND FIRST DIFFERENCE EQUATIONS

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.


Issue Date:
1970
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/13710
Total Pages:
8
Series Statement:
Staff Paper P70-19




 Record created 2017-04-01, last modified 2017-08-23

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