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Met 2651 Serial Correlation and Asymptotic theory Ulf H. Olsson Professor of Statistics
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Ulf H. Olsson Elastisitet E > -1 Uelastisk E = -1 Nøytralelastisk E < -1 Elastisk
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Ulf H. Olsson Elastisitet
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Ulf H. Olsson Serial korrelasjon og GLS (Side 467- 470)
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Ulf H. Olsson Serial korrelasjon og GLS Cochrane-Orcutt method
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Ulf H. Olsson Estimator (12.1; 12.2; 12.3 – side 492- 507) An estimator is a rule or strategy for using the data to estimate the parameter. It is defined before the data are drawn. The search for good estimators constitutes much of econometrics (psychometrics) Finite/Small sample properties Large sample or asymptotic properties An estimator is a function of the observations, an estimator is thus a sample statistic- since the x’s are random so is the estimator
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Ulf H. Olsson Small sample properties
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Ulf H. Olsson Large-sample properties
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Ulf H. Olsson ML-estimator In sampling from a normal (univariate) distribution with mean and variance 2 it is easy to verify that: MLs are consistent but not necessarily unbiased in small samples
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Ulf H. Olsson Biased estimator but consistent
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