Multiple Minima in the Estimation of Models with Autoregressive Disturbances

Howard Doran and Jan Kmenta

The Review of Economics and Statistics, 1992, vol. 74, issue 2, 354-57

Abstract: The problem of multiple minima obtained by using the search procedure in the context of the Cochrane-Orcutt transformation disappears when the observation set is extended to include the first observation, as proposed by Prais-Winsten. Copyright 1992 by MIT Press.

Date: 1992
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Working Paper: Multiple Minima in the Estimation of Models with Autoregressive Disturbances (1991)
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