Consider the following system of simultaneous regression equations: (1) Yi = a1 + agx; +azz; + E; x; = B1 + B2yi+ Z4 = Y1 + 72w; + Vi (2) (3) Assuming that all the parameters are non-zero, which of the following statements are true?
Consider the following system of simultaneous regression equations: (1) Yi = a1 + agx; +azz; + E; x; = B1 + B2yi+ Z4 = Y1 + 72w; + Vi (2) (3) Assuming that all the parameters are non-zero, which of the following statements are true?
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![Consider the following system of simultaneous regression equations:
(1)
Yi = a1 + a2x; + a3z4 + E
(2)
(3)
Z4 = Y1 + Y2 w; + Vị
Assuming that all the parameters are non-zero, which of the following statements are true?
Select one:
O a. Equations 1, 2 and 3 may all be consistently estimated using the OLS procedure.
O b. The OLS procedure is inconsistent for Equation 1, but may be consistent for equations 2 and 3.
O c.
The OLS procedure is inconsistent for Equation 2, but may be consistent for equations 1 and 3.
O d. The OLS procedure is inconsistent for Equation 3, but may be consistent for equations 1 and 2.
O e.
The OLS procedure is inconsistent for equations 1 and 2, but may be consistent for Equation 3.
O f.
The OLS procedure is inconsistent for equations 1 and 3, but may be consistent for Equation 2.
g. The OLS procedure is inconsistent for equations 2 and 3, but may be consistent for Equation 1.
O h. The OLS procedure is inconsistent for equations 1, 2 and 3.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fff23f768-0364-4684-acaf-3499a1b283d6%2F2b6945de-7b0a-4dfc-8c4a-372ef0d51904%2Fu6bi2w8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following system of simultaneous regression equations:
(1)
Yi = a1 + a2x; + a3z4 + E
(2)
(3)
Z4 = Y1 + Y2 w; + Vị
Assuming that all the parameters are non-zero, which of the following statements are true?
Select one:
O a. Equations 1, 2 and 3 may all be consistently estimated using the OLS procedure.
O b. The OLS procedure is inconsistent for Equation 1, but may be consistent for equations 2 and 3.
O c.
The OLS procedure is inconsistent for Equation 2, but may be consistent for equations 1 and 3.
O d. The OLS procedure is inconsistent for Equation 3, but may be consistent for equations 1 and 2.
O e.
The OLS procedure is inconsistent for equations 1 and 2, but may be consistent for Equation 3.
O f.
The OLS procedure is inconsistent for equations 1 and 3, but may be consistent for Equation 2.
g. The OLS procedure is inconsistent for equations 2 and 3, but may be consistent for Equation 1.
O h. The OLS procedure is inconsistent for equations 1, 2 and 3.
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