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- W2990285256 abstract "Measurement of parameters occurring in theoretical equation systems is one of the most important problems of econometrics. If our equations were exact in the observable economic variables involved, this problem would not be one of statistics, but a purely mathematical one of solving a certain system of ‘observational’ equations, having the parameters in question as unknowns. This might itself present complicated and interesting problems, such as the problem of whether or not there is a one-to-one correspondence between each system of values of the parameters and the corresponding set of all values of the variables satisfying the equation system. For example, if we have, simultaneously, a demand curve and a supply curve, the set of possible observations might be just one single intersection point, and knowing that only would not, in general, permit us to draw any inference regarding the slope of either curve." @default.
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- W2990285256 date "1995-09-07" @default.
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- W2990285256 title "The Statistical Implications of a System of Simultaneous Equations (<i>Econometrica</i>, vol. 11, 1943, pp. 1–12)" @default.
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