The Linear Regression MT application module is a set of procedures for estimating single equations or a simultaneous system of equations. It allows constraints on coefficients, calculates het-con standard errors, and includes two-stage least squares, three-stage least squares, and seemingly unrelated regression. It is thread-safe and takes advantage of structures found in later versions of GAUSS.
FEATURES
- Calculates heteroskedastic-consistent standard errors, and performs both influence and collinearity diagnostics inside the ordinary least squares routine (OLS).
- All regression procedures can be run at a specified data range.
- Performs multiple linear hypothesis testing with any form.
- Estimates regressions with linear restrictions.
- Accommodates large data sets with multiple variables.
- Stores all important test statistics and estimated coefficients in an efficient manner.
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- Both three-stage least squares and seemingly unrelated regression can be estimated iteratively.
- Thorough Documentation.
- The comprehensive user’s guide includes both a well-written tutorial and an informative reference section. Additional topics are included to enrich the usage of the procedures. These include:
- Joint confidence region for beta estimates.
- Tests for heteroskedasticity.
- Tests of structural change.
- Using ordinary least squares to estimate a translog cost function.
- Using seemingly unrelated regression to estimate a system of cost share equations.
- Using three-stage least squares to estimate Klein’s Model I.
- Platform: Windows, Mac, and Linux.
- Requirements: GAUSS/GAUSS Light version 8.0 or higher.