Economics 421 - Econometrics - Winter 2009 - Lecture 13

[enkii82]

SEM and showed how to calculate cov(x, u) and var(x)

[doronel]

Dear Mark,

Thank you for your lectures... These are VERY good

A couple of mistakes which weren't spotted by the class:

At 41:48... in the denominator there should be a [alpha 2]^2 before [sigma^2 u].

A related mistake is at 38:00 V(w) which (if it would have been completed) missed [alpha 3]^2 * [sigma^2 unemployment]

Please let me know if I am wrong

Thank you again

Doronel