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THE THEORY OF MIXED ESTIMATION IN ECONOMETRIC MODELING
Journal article   Peer reviewed

THE THEORY OF MIXED ESTIMATION IN ECONOMETRIC MODELING

ROGER N CONWAY and RON C MITTELHAMMER
Studies in economics and finance (Charlotte, N.C.), Vol.10(1), pp.79-120
01/01/1986
Handle:
https://hdl.handle.net/2376/116496

Abstract

In the last two decades there has been considerable progress made in the development of alternative estimation techniques to ordinary least squares (OLS) regression. The search for alternative estimators has no doubt been motivated by the observance of erratic OLS estimator behavior in cases where there are too few observations, multicollinearity problems, or simply "information-poor" data sets. Imprecise and unreliable OLS coefficient estimates have been the result.

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