Simultaneous Equation Models-Single Equation Methods of Estimations (NTA-NET (Based on NTA-UGC) Economics (Paper-II)): Questions 1 - 1 of 1

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Question number: 1

» Simultaneous Equation Models » Single Equation Methods of Estimations » Indirect Least Squares and Least Variance Ratio

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Appeared in Year: 2017

MCQ▾

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

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