Simultaneous Equation Models (NTANET (Based on NTAUGC) Economics (PaperII)): Questions 1  2 of 2
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Question number: 1
» Simultaneous Equation Models » Single Equation Methods of Estimations » Indirect Least Squares and Least Variance Ratio
Appeared in Year: 2017
Question
Indirect least squares method of estimation is applied to equations of a simultaneous equation system. The estimates obtained will be
Choices
Choice (4)  Response  

a.  Unbiased and inconsistent 

b.  Biased and consistent 

c.  Biased and inconsistent 

d.  Unbiased and consistent 

Question number: 2
» Simultaneous Equation Models » Identification Problems and Conditions
Appeared in Year: 2014
Question
The technique is not used to estimate the overidentified system of simultaneous equations (June)
Choices
Choice (4)  Response  

a.  Ordinary least squares 

b.  Instrumental variables 

c.  Limited information maximum likelihood 

d.  Two stage least squares 
