Econometrica: Jan 1959, Volume 27, Issue 1

A Note on Least Squares Bias in Household Expenditure Analysis<121:ANOLSB>2.0.CO;2-L
p. 121-126

Robert Summers

The consequences of using ordinary Single Equation Least Squares in estimating regression parameters are examined in a case where the parameters relate to a household expenditure study in which the statistical model underlying the study is really a set of simultaneous equations.

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