Which of These Is Not an Appropriate Method of Estimating

question 4

Multiple Choice

Which of these is not an appropriate method of estimating equations that are from a simultaneous system?

• A) Indirect least squares
• B) Two-stage least squares
• C) Aggregate least squares
• D) Instrumental variables

---

Definitions:

Formal Operational Stage

A phase in Jean Piaget's theory of cognitive development where individuals (around age 11 and older) gain the ability to think abstractly and reason logically.

Cause and Effect

The relationship between events where one is the result of the other or others, a fundamental concept in identifying reasons behind certain outcomes.

Helicopter Parents

Describes parents who take an overly protective or excessive interest in the life of their child or children, often intruding in decisions and experiences best handled autonomously by the child.

Decision-making Skills

The ability to select between two or more alternatives to reach the best outcome in the shortest time.