Economics · Econometrics

For a simultaneous equation system, which of the following statements is incorrect?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1If an equation is exactly identified, Indirect Least Squares (ILS) and Two-Stage Least Squares (2SLS) give the same results.
2ILS can be applied to an over-identified equation.✓
32SLS can be applied to an over-identified equation.
4ILS cannot yield unique parameter estimates for an over-identified equation.

Correct answer

ILS can be applied to an over-identified equation.

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For a simultaneous equation system, which of the following statements is incorrect?

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For a simultaneous equation system, which of the following statements is incorrect?

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