Ordinary Least Squares: the Adequacy of Linear Regression Solutions under Multicollinearity and without it

The article deals with the problem of economic adequacy of solving a linear regression problem by the OLS method. The study uses the following definition of adequacy: a linear regression solution is considered adequate if it not only has correct signs but also correctly reflects the relationship bet...

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Bibliographic Details
Main Authors: Tyzhnenko Alexander G., Ryeznik Yevgen V.
Format: Article
Language:English
Published: PH "INZHEK" 2019-03-01
Series:Problemi Ekonomiki
Subjects:
OLS
Online Access:http://www.problecon.com/export_pdf/problems-of-economy-2019-1_0-pages-217_227.pdf