Prediction after IV estimation

Christopher Skeels and Larry W. Taylor

Economics Letters, 2014, vol. 122, issue 3, 420-422

Abstract: In the context of a single equation in a system of simultaneous equations there is evidently some confusion in the literature as to the correct approach to the problem of prediction. Here we explore this problem and compare three different approaches to it. We also relate this discussion to current practice.

Keywords: Prediction; IV estimation; Structural equation (search for similar items in EconPapers)
JEL-codes: C10 C30 C36 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:3:p:420-422

DOI: 10.1016/j.econlet.2014.01.003

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