Economics 421 - Econometrics - Winter 2009 - Lecture 13
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SEM and showed how to calculate cov(x, u) and var(x)
enkii82 1 year ago
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
doronel 1 year ago