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...
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| Format: | Working paper |
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University of Oxford
2011
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