Accession Number : AD0737678

Title :   Qualitative Inconsistency in the Two Regressor Case,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Ayanian,Bob

Report Date : OCT 1971

Pagination or Media Count : 8

Abstract : One often has reason to suspect non-zero correlation between regressors and error term when using OLS regression in an economic context. However, positive statements may sometimes still be made if one knows the direction of inconsistency in the OLS coefficient estimators. The inconsistency in the least squares estimator of the coefficient of a variable when it alone is correlated with the error term is well known. The purpose of the paper is to further investigate qualitative inconsistency in a two regressor model. (Author)

Descriptors :   (*REGRESSION ANALYSIS, LEAST SQUARES METHOD), CORRELATION TECHNIQUES, STOCHASTIC PROCESSES, ECONOMICS

Subject Categories : Statistics and Probability

Distribution Statement : APPROVED FOR PUBLIC RELEASE