System Misspecification Testing and Structural Change in the Demand for Meats
A misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions between, all equations in the system and can be used in a wide variety of applicat...
| Main Authors: | , , , |
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| Formato: | Artigo |
| Idioma: | English |
| Publicado: |
Western Agricultural Economics Association
1995-07-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Acceso en liña: | https://ageconsearch.umn.edu/record/30938 |
| _version_ | 1831755170497691648 |
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| author | Anya M. McGuirk Paul J. Driscoll Jeffrey Roger Alwang Huilin Huang |
| author_facet | Anya M. McGuirk Paul J. Driscoll Jeffrey Roger Alwang Huilin Huang |
| author_sort | Anya M. McGuirk |
| collection | DOAJ |
| description | A misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions between, all equations in the system and can be used in a wide variety of applications where systems of equations are estimated. The system testing approach is demonstrated by modeling U.S. consumer demand for meats. The example illustrates how the approach can be used to disentangle issues regarding structural change and other forms of model misspecification. |
| first_indexed | 2024-12-21T23:51:03Z |
| format | Article |
| id | doaj.art-6d3497d3f6e74b51b0a19cc557ff26b0 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-21T23:51:03Z |
| publishDate | 1995-07-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-6d3497d3f6e74b51b0a19cc557ff26b02022-12-21T18:45:56ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82851995-07-0120112110.22004/ag.econ.3093830938System Misspecification Testing and Structural Change in the Demand for MeatsAnya M. McGuirkPaul J. DriscollJeffrey Roger AlwangHuilin HuangA misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions between, all equations in the system and can be used in a wide variety of applications where systems of equations are estimated. The system testing approach is demonstrated by modeling U.S. consumer demand for meats. The example illustrates how the approach can be used to disentangle issues regarding structural change and other forms of model misspecification.https://ageconsearch.umn.edu/record/30938econometric modelingmisspecification testingregression diagnosticssystems of equations |
| spellingShingle | Anya M. McGuirk Paul J. Driscoll Jeffrey Roger Alwang Huilin Huang System Misspecification Testing and Structural Change in the Demand for Meats Journal of Agricultural and Resource Economics econometric modeling misspecification testing regression diagnostics systems of equations |
| title | System Misspecification Testing and Structural Change in the Demand for Meats |
| title_full | System Misspecification Testing and Structural Change in the Demand for Meats |
| title_fullStr | System Misspecification Testing and Structural Change in the Demand for Meats |
| title_full_unstemmed | System Misspecification Testing and Structural Change in the Demand for Meats |
| title_short | System Misspecification Testing and Structural Change in the Demand for Meats |
| title_sort | system misspecification testing and structural change in the demand for meats |
| topic | econometric modeling misspecification testing regression diagnostics systems of equations |
| url | https://ageconsearch.umn.edu/record/30938 |
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