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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 407 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Estimating ?: The Cochrane–Orcutt (C–O) iterative procedure.‡As an illustration of this procedure, consider the two-variable model:Yt = ß1 + ß2Xt + ut (1)and the AR(1) schemeut = ?ut-1 + et , -1 < ? < 1 (2)Cochrane and Orcutt then recommend the following steps to estimate ?.1. Estimate (1) by the usual OLS routine and obtain the residuals, ˆut .Incidentally, note that you can have more than one X variable in themodel.
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