Through the magic of least sums regression ... It’s worth noting at this point that this method is intended for continuous data. But we’re getting ahead of ourselves. To calculate b, and make sense of ...

There are two approaches within each of these categories: single equation methods and system estimation. 2SLS, 3SLS, and IT3SLS use the least-squares method; LIML and FIML use the maximum likelihood ...

Seemingly unrelated regression (SUR), also called joint generalized least squares (JGLS) or Zellner estimation, is a generalization of OLS for multi-equation systems. Like OLS, the SUR method assumes ...