Im regressing a model with an endogenous variable as an independent variable, and using the Multiple Indicator approach. Whats assumptions needed for the Betas to be “identified”, and separately the Beta estimates to be “consistent”? What do we mean by “identified” and “consistent”?
Im regressing a model with an endogenous variable as an independent variable, and using the Multiple Indicator approach. Whats assumptions needed for the Betas to be “identified”, and separately the Beta estimates to be “consistent”? What do we mean by “identified” and “consistent”?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 4GP
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Im regressing a model with an endogenous variable as an independent variable, and using the Multiple Indicator approach.
Whats assumptions needed for the Betas to be “identified”, and separately the Beta estimates to be “consistent”?
What do we mean by “identified” and “consistent”?
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