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50 Years of ERIC
50 Years of ERIC
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Peer reviewed Peer reviewed
ERIC Number: EJ643980
Record Type: CIJE
Publication Date: 2000
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0022-0485
An Illustration of the Bias of OLS for Yt=MYt-1 + Ut.
Maeshiro, Asatoshi
Journal of Economic Education, v31 n1 p76-80 Win 2000
Illustrates the bias of the ordinary least squares (OLS) estimator for the first-order stochastic difference equations. Utilizes a small letter y denote a value of the corresponding random variable Y because it is important for students to distinguish a random variable from its realization. (CMK)
Descriptors: Bias, Course Content, Econometrics, Economics Education, Equations (Mathematics), Estimation (Mathematics), Higher Education, Learning Activities, Models
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A