Prior Information on the Coefficients when the Disturbance Covariance Matrix is Unknown

In a linear regression model with arbitrary disturbance covariance structure, least squares estimators subject to correct linear restrictions dominate unrestricted least squares for all estimable functions of the parameters if and only if the covariance matrix obeys conditions closely related to tho...

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Published inEconometrica Vol. 44; no. 4; pp. 725 - 739
Main Author Taylor, William E.
Format Journal Article
LanguageEnglish
Published Menasha, Wis The Econometric Society 01.07.1976
George Banta Pub. Co. for the Econometric Society
Blackwell Publishing Ltd
Subjects
Online AccessGet full text
ISSN0012-9682
1468-0262
DOI10.2307/1913439

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Abstract In a linear regression model with arbitrary disturbance covariance structure, least squares estimators subject to correct linear restrictions dominate unrestricted least squares for all estimable functions of the parameters if and only if the covariance matrix obeys conditions closely related to those of the Gauss-Markov theorem.
AbstractList In a linear regression model with arbitrary disturbance covariance structure, least squares estimators subject to correct linear restrictions dominate unrestricted least squares for all estimable functions of the parameters if and only if the covariance matrix obeys conditions closely related to those of the Gauss-Markov theorem.
Author Taylor, William E.
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crossref_primary_10_1016_0304_4076_94_90056_6
crossref_primary_10_1016_0024_3795_90_90349_H
crossref_primary_10_1016_j_jeconom_2015_07_002
crossref_primary_10_1016_0024_3795_83_90206_9
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Snippet In a linear regression model with arbitrary disturbance covariance structure, least squares estimators subject to correct linear restrictions dominate...
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StartPage 725
SubjectTerms Consistent estimators
Covariance
Covariance matrices
Econometrics
Eigenvectors
Estimates
Estimators
Euclidean space
Least squares
Mathematical vectors
Matrices
Regression analysis
Sufficient conditions
Unbiased estimators
Title Prior Information on the Coefficients when the Disturbance Covariance Matrix is Unknown
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