What Does It Mean for a Structural Equation to Be

question 5

Multiple Choice

What does it mean for a structural equation to be unidentified?

• A)too many endogenous variables are included in the equation to estimate a unique parameter value
• B)the sample size is not large enough to rely on asymptotic estimator properties
• C)the simultaneous nature of the equations makes random samples impossible to obtain
• D)the sample size is not large enough to allow M*(M-1)degrees of freedom

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Definitions:

Restitution

The return of any property given up under a contract.

Rescission

Rescission is the legal act of canceling, terminating, or voiding a contract, thereby returning all parties involved to their pre-contractual positions.

Contractual Conditions

Essential terms in a contract that must be met for the contract to be fulfilled and are foundational to the agreement's integrity.

Implied by Law

Pertains to obligations or rights not explicitly stated but inferred by the legal principles and statutes governing the situation.