Suppose that the model of Exercise 4 were specified as yt = + + L 1 1L 2L2 xt + et
Chapter 19, Problem 5(choose chapter or problem)
Suppose that the model of Exercise 4 were specified as yt = + + L 1 1L 2L2 xt + et . Describe a method of estimating the parameters. Is ordinary least squares consistent?
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