Slide Kinh tế lượng: Lecture 8 - Model Specifications
Problems
Model misspecification:
Omitting relevant variables
Including irrelevant variables
Function specification: Ramsey test
Structural change: the Chow test
Slide Kinh tế lượng: Lecture 8 - Model Specifications
Problems
Model misspecification:
Omitting relevant variables
Including irrelevant variables
Function specification: Ramsey test
Structural change: the Chow test