703 Lecture 14 - Res Ec 703: Econometrics Order of Topics...

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Res Ec 703: Econometrics Order of Topics And Readings For Lecture 14, October 26, 2010 Source Pages Topic Material Not Covered Last Lecture Assignment Two Exact RLS vs Stochastic RLS; Testing for MSE Improvement 5 Pages (Due Date: October 28, 2010) BM Unnumbered Caution when using NOINT in SAS. “Model” and “Total” sums of (Typed) squares information is uncorrected for the mean and is not comparable to a sum of squares table that does not use NOINT. “Error” sum of squares between the two is comparable. End Of Material Not Covered Last Lecture An Example: Estimation And Comparisons Between Unrestricted And Restricted Models Compare unrestricted (i.e., unaugmented) model information (page 78) and estimation (page 80) with restricted (i.e., augmented) model information (page 78) and estimation (page 81) OLS RSS U on page 80 cannot be compared to GLS RSS R on page 81. Parameter estimates and standard errors between OLS and GLS can be compared. Remaining Estimation Issues
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This note was uploaded on 12/08/2011 for the course ECON 703 taught by Professor Bernardmorzuch during the Fall '10 term at UMass (Amherst).

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703 Lecture 14 - Res Ec 703: Econometrics Order of Topics...

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