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Efficient Estimation: The Rao-Zyskind Condition, Kruskal's Theorem and Ordinary Least Squares

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  • McAleer, Michael

Abstract

This paper emphasizes the practicability and accessibility of the necessary and sufficient condition for ordinary least squares to yield best linear unbiased estimators in several problems that are available in econometrics. Two convenient equivalent alternative forms of the condition are presented. It is shown that the condition is useful for analyzing different problems and is especially relevant for pedagogical purposes. Several practical economic examples are presented. Copyright 1992 by The Economic Society of Australia.

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Bibliographic Info

Article provided by The Economic Society of Australia in its journal The Economic Record.

Volume (Year): 68 (1992)
Issue (Month): 200 (March)
Pages: 65-72

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Handle: RePEc:bla:ecorec:v:68:y:1992:i:200:p:65-72

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