tag:blogger.com,1999:blog-2198942534740642384.post3883406545046424756..comments2023-10-24T03:16:41.009-07:00Comments on Econometrics Beat: Dave Giles' Blog: Dummy Variables - Again!Dave Gileshttp://www.blogger.com/profile/05389606956062019445noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2198942534740642384.post-78437505588467657012012-10-08T09:29:06.234-07:002012-10-08T09:29:06.234-07:00Thanks for the positive comment! Yes, I have some ...Thanks for the positive comment! Yes, I have some code from quite some time back. I'll dig it out and post it.Dave Gileshttps://www.blogger.com/profile/05389606956062019445noreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-46774542539097698582012-10-08T00:48:17.098-07:002012-10-08T00:48:17.098-07:00Hi Dave,
Awesome blog!
Dave, I am looking some inf...Hi Dave,<br />Awesome blog!<br />Dave, I am looking some information about Monte Carlo simulation to generate a Probit model via MLE. For example I have y=(0,0,1,0,0)' and I would like to simulate 25 samples after 5, I mean y6,y7. Is it possible that you can give me some advice or useful information?<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-70479817998485762672012-09-18T19:33:34.021-07:002012-09-18T19:33:34.021-07:00The same problem will arise if the dummy takes jus...The same problem will arise if the dummy takes just one (or a fixed, can't increase) non-zero value. The estimator for the coeficient will again be inconsistent.Dave Gileshttps://www.blogger.com/profile/05389606956062019445noreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-89599919377521385182012-09-17T12:18:09.433-07:002012-09-17T12:18:09.433-07:00Wish I had seen that before submitting my disserta...Wish I had seen that before submitting my dissertation, but I am happy to know that anyway. One question: What happens if we have a variable which is the interaction between one continuous and one dummy variable? Many thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-23817631472978075652012-09-15T18:06:10.521-07:002012-09-15T18:06:10.521-07:00Thanks much for the information!Thanks much for the information!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-69054937749132923932012-09-15T09:14:42.586-07:002012-09-15T09:14:42.586-07:001. Yes.
2. Yes, as long as you are declaring the s...1. Yes.<br />2. Yes, as long as you are declaring the same list of instruments when you estimate each equaiton separately.<br /><br />Good luck!Dave Gileshttps://www.blogger.com/profile/05389606956062019445noreply@blogger.comtag:blogger.com,1999:blog-2198942534740642384.post-55042544010555374162012-09-15T05:30:23.793-07:002012-09-15T05:30:23.793-07:00Just some basic questions:
1) Is the use of dummy ...Just some basic questions:<br />1) Is the use of dummy variables common in TSLS?<br /><br />2) When estimating a 4-equation TSLS, does estimating each equation and pasting to the model object of E-Views the same with "system" estimation command in E-Views?<br /><br />Thanks!Anonymousnoreply@blogger.com