Econometric Analysis of Small Linear Systems Using PC-FIML.
The framework for econometric analysis of small linear dynamic systems embodied in the micro-computer program PC-FIML is described in terms of ten themes which provide a structured approach to teaching, program operation, and empirical modeling. The themes are illustrated by a small consumption-income model and comprise the concept of a system; the status of its variables; the formulation of the lag structure; system estimation and evaluation using recursive procedures; the econometric model ...Expand abstract
- Journal of Econometrics
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