COMPUTATIONAL ACCURACY AND ESTIMATION OF SIMULTANEOUS ECONOMETRICS MODELS.

The article features the authors' review of their experiences in computing estimates of coefficients appearing in Klein's Model I, a model which has been used as an illustrative example in many works. It discusses the efforts to check out a two- and three-stage least squares Fortran program for the...

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Publicado en:Econometrica Vol. 34; no. 3; pp. 727 - 730
Autores principales: Zellner, A., Thornber, H.
Formato: Artículo
Publicado: Wiley-Blackwell Jul66
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Zellner, A.
          Thornber, H.
        affil:
          University of Wisconsin
          University of Chicago
      su:
        Estimation theory
        Econometric models
        Computer software
        Computer programming
        Mathematical statistics
        Probability theory
        Least squares
        Econometrics
        Mathematical models
        Economic models
        Economic statistics
      sug:
        subj:
          Estimation theory
          Econometric models
          Computer software
          Computer programming
          Mathematical statistics
          Probability theory
          Least squares
          Econometrics
          Mathematical models
          Economic models
          Economic statistics
      ab: The article features the authors' review of their experiences in computing estimates of coefficients appearing in Klein's Model I, a model which has been used as an illustrative example in many works. It discusses the efforts to check out a two- and three-stage least squares Fortran program for the CDC 1604 computer of the University of Wisconsin. The estimates produced by the program were numerically accurate compared to those published by Rothenberg and Leenders. A new set of coefficient estimates were obtained by running the same computer program on the University of Chicago's IBM 7094.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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