Your Textbook Used a Distributed Lag Model with Only Current

question 42

Essay

Your textbook used a distributed lag model with only current and past values of Xt-1 coupled with an AR(1)error model to derive a quasi-difference model,where the error term was uncorrelated.
(a)Instead use a static model Yt = β0 + β1Xt + ut here,where the error term follows an AR(1).Derive the quasi difference form.Explain why in the case of the infeasible GLS estimators you could easily estimate the βs by OLS.
(b)Since φ1 (the autocorrelation parameter for ut)is unknown,describe the Cochrane-Orcutt estimation procedure.
(c)Explain how the iterated Cochrane-Orcutt estimator works in this situation.Iterations stop when there is "convergence" in the estimates.What do you think is meant by that?
(d)Your textbook has pointed out that the iterated Cochrane-Orcutt GLS estimator is in fact the nonlinear least squares estimator of the model.Given that -1 < φ1 < 1,suggest a "grid search" or some strategy to "nail down" the value of 1 which minimizes the sum of squared residuals.This is the so-called Hildreth-Lu method.

Analyze the factors influencing attribution in organizational settings and their impact on behavior.

Understand the principles of Operant Conditioning and its relevance to organizational behavior management (OB Mod).

Identify different reinforcement strategies and their applications in managing organizational behavior.

Distinguish between intrinsic and extrinsic rewards and their effects on motivation and behavior.

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Definitions:

IS Environment

Information Systems Environment, referring to the overall conditions and elements that affect how information systems are designed, implemented, and used within an organization.

IT Steering Committee

A committee composed of a group of managers and staff representing various organizational units that is set up to establish IT priorities and to ensure that the MIS function is meeting the needs of the enterprise.

MIS Function

The role of Management Information Systems in processing data to provide information for decision-making.

Corporate Strategy

The approach and actions a company takes to achieve its business goals and to secure a competitive position in the market.