Point Estimation in Multiplicative Models
乘法模型中的点估计
In a multiplicative model it is usual to assume that the logarithm of the disturbance variable is normally distributed with unknown variance a2 and with a mean which is either zero or - la2 according to the viewpoint taken of the object of the model. It is shown that, for each of several estimation criteria, the two assumptions lead to precisely the same point estimators of the exponents of the explanatory variables in the model and of the conditional mean, median, and mode…