Model Building with Multiple Dependent Variables and Constraints

C. Tofallis

Working Papers from University of Hertfordshire - Business Schoool

Abstract: The most widely used method for finding relationships between several quantities is multiple regression. This however is restricted to a single dependent variable. We present a more general method which allows models to be constructed with multiple varaibles on both sides of an euqation and which can be computed easily using a spreadsheet program. The underlying principle (originating from canonical analysis) is that of maximizing the correlation between the two sides of the model equation.

Keywords: MODELS (search for similar items in EconPapers)
JEL-codes: C51 (search for similar items in EconPapers)
Pages: 14 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:hertbu:1998:07

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