A Tale of 3 Cities: Model Selection in Over-, Exact, and Under-specified Equations.
Model selection from a general unrestricted model (GUM) can potentially confront three very different environments: over-, exact, and under-specification of the data generation process (DGP). In the first, and most-studied setting, the DGP is nested in the GUM, and the main role of general-to-speci...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2010
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