LEAST SQUARES ESTIMATION OF DISTRIBUTED LAG MODELS: RELATIONSHIPS BETWEEN ACTUAL AND FIRST DIFFERENCE EQUATIONS

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.

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Year of publication:	1970
Authors:	Subotnik, Abraham ; Houck, James P.
Institutions:	Department of Applied Economics, College of Agricultural, Food, and Environmental Sciences
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Applied Economics>Staff Papers Number 13710
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005338448