Glossary of economics research
Results of search for ILS follow:
ILS:
Indirect Least Squares, an approach to the estimation of simultaneous
equations models. Steps:
1) Rearrange the structural form equations into reduced form
2) Estimate the reduced form parameters
3) Solve for the structural form parameters in terms of the reduced form
parameters, and substitute in the estimates of the reduced form parameters to
get estimates for the structural ones.
Contexts: econometrics; estimation
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