The Journal of Business & Economic Statistics (JBES) has been published quarterly since 1983 by the American Statistical Association. It serves as a unique meeting place for applied economists, ...
The Sum Squares function, also referred to as the Axis Parallel Hyper-Ellipsoid function, has no local minimum except the global one. It is continuous, convex and unimodal. It is shown here in its two ...
In the instrumental variables methods (2SLS, LIML, K-class, MELO), first-stage predicted values are substituted for the endogenous regressors. As a result, the ...
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