procedure is based on a novel lack-of-fit criterion, namely, the simulated mean squared error of predictions (SMSEP), taking …

procedure is based on a novel lack-of-fit criterion, namely, the simulated mean squared error of predictions (SMSEP), taking … squared error of predictions. Department of Economics, Vanderbilt University, VU Station B #351819, Nashville, TN 37235 … struc- tural econometric models. The procedure is based on a novel lack-of- t criterion, namely, the simulated mean squared …