114 PART ONE: SINGLE-EQUATION REGRESSION MODELS
10. In this text, we will largely rely on the OLS method for practical reasons: (a) Compared to ML, the OLS is easy to apply; (b) the ML and OLS estimators of fai and fa are identical (which is true of multiple regressions too); and (c) even in moderately large samples the OLS and ML estimators of a2 do not differ vastly.
However, for the benefit of the mathematically inclined reader, a brief introduction to ML is given in the appendix to this chapter and also in Appendix A.
Was this article helpful?
Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.