To Estimate Dynamic Causal Effects, Your Textbook Presents the Distributed

question 11

Essay

To estimate dynamic causal effects, your textbook presents the distributed lag regression model, the autoregressive distributed lag model, and a quasi-difference representation of the distributed lag model with autoregressive errors. Using a simple example, such as a distributed lag model with only the current and past value of X and an AR(1)model for the error term, discuss how these models are related. In each case suggest estimation methods and evaluate the relative merit in using one rather than the other.

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Definitions:

Behavior Modification

A technique used to change behavior through the systematic application of the principles of conditioning.

Reinforce Behavior

The process of encouraging a specific behavior to occur more frequently by applying positive or negative stimuli following the behavior.

Feedback on Behavior

Information or observations provided regarding an individual’s actions or conduct, aimed at promoting understanding or improvement.

Johari Window

A model that helps people better understand their relationship with self and others, representing information through four quadrants of known and unknown aspects.